The cost of buying and renting is driven upward by a scarcity of available homes.
Developer fees comprised 13.2 per cent of municipal revenue in the City of Vancouver in 2016.
The Horgan government now says it will peg allowable rent increases to inflation, estimated at 2.5 per cent for 2019.
The imbalance between the number of available units and the number of would-be renters drives up rents.
Survey says large majorities of homeowners in Metro Vancouver and the Greater Toronto Area want housing prices to stop rising.
San Francisco has a comparable land area to Vancouver but accommodates roughly 30 per cent more residents.
Rezoning in Toronto takes more than half a year, on average.
The Wynne government almost exclusively targeted housing demand—not supply.
Home prices in the GTA have risen almost 50 per cent since the last provincial election in 2014.
Building permit approval timelines averaged almost 18 months in Toronto and 21 months in Vancouver.