The imbalance between the number of available units and the number of would-be renters drives up rents.
vancouver city hall
It takes nearly two years, on average, to obtain building permits in Vancouver.
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.