The Horgan government now says it will peg allowable rent increases to inflation, estimated at 2.5 per cent for 2019.
It takes 21 months (on average) for homebuilders to obtain building permits from Vancouver City Hall.
In neighbouring Burnaby, it takes only a third the time it does in Vancouver to obtain a permit.
In Vancouver, it takes almost two years, on average, to obtain a building permit.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.
Red tape has strangled housing supply growth in Toronto and Vancouver.