Among Canada’s largest metropolitan areas, the three with the fewest housing units per 1,000 were in Ontario.
Insufficient supply relative to demand means fewer homes available to renters and buyers alike.
Toronto had 360 housing units per 1,000 residents in 2020, well below the national average of 424.
A recent report showed that Canada has fewer housing units per capita than any other G7 country.
The federal government recently committed $1.37 billion to two major rapid transit projects in Metro Vancouver.
Rezoning in Toronto takes more than half a year, on average.
Rent control has been a disaster wherever it’s been tried. But this never stops politicians from suggesting it.
When I first came to Alberta a quarter-century ago, vacancy rates in Calgary and Edmonton exceeded 10 per cent. In Edmonton, where I lived in 1988, landlords often gave one month free on an already cheap 12-month lease. Sometimes utilities and cable were included.