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.
Osaka, Japan is 5.7 times more dense than Calgary.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
San Francisco has a comparable land area to Vancouver but accommodates roughly 30 per cent more residents.
It takes nearly two years, on average, to obtain building permits in Vancouver.
In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
Metro Vancouver’s housing crunch exists primarily because there aren’t enough new homes getting built.
The price of homes—like the price of anything—is determined by both demand and supply.
Typically, secondary suites can be cheaper to rent than apartments.