Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.
The B.C. NDP wants to raise the province’s carbon tax to $50 per tonne.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
In light of public outcry, the B.C. government has tasked a committee to examine real estate practices such as flipping and shadow assignment.