Non-resident investors owned only 2.5 per cent of all houses in the province.
Calgary's rental vacancy rate for purpose-built rental units fell from 5.1 per cent to 2.7 per cent.
Vancouver's rental vacancy rate was just 1.2 per cent.
Insufficient supply relative to demand means fewer homes available to renters and buyers alike.
Toronto plans to overhaul zoning and housing approvals by early this year.
In the 1970s roughly one home was built annually for every 1.2 new Ontarians compared to 2.4 new Ontarians in the most recent decade.
The best way to increase housing affordability is to build more homes.
Toronto had 360 housing units per 1,000 residents in 2020, well below the national average of 424.
Residents in unsubsidized units will pay more so residents in subsidized units pay less.
There are 360 homes for every 1,000 GTA residents—well below the Canadian average.