Supply elasticity is a central factor in any analysis of home-price growth.
There are a number of services that seem unavoidably linked to homebuying.
Brooklyn is as populous as Toronto but less than a third as large geographically.
Across the Greater Golden Horseshoe it takes an average of 18 months to obtain a building permit.
Encouraging home ownership may deter the labour mobility vital for a dynamic economy.
This tax will add roughly $140,000 to a typical Greater Vancouver real estate transaction.
Higher home prices are strongly associated with restrictive land-use regulations.
In light of public outcry, the B.C. government has tasked a committee to examine real estate practices such as flipping and shadow assignment.
In an effort to make housing more affordable in Greater Vancouver, B.C.’s latest budget exempts newly-built homes worth up to $750,000 from the property transfer tax.