In the greater Toronto and Vancouver areas, rents keep rising and rental vacancies remain low.
Housing unit completions in B.C. have remained relatively flat over the last decade.
The situation in California has important implications for Canada’s least-affordable cities including Vancouver and Toronto.
The more floors allowed in new projects, the more feasible they become.
Increasing demand for something in short supply will result in higher prices.
Mandating parking can leave less room for housing.
Queen’s Park aims to boost the number of secondary suites including laneway homes and garage units.
Over time, the main drivers of home prices are incomes and interest rates.
In reality, housing is a local issue that requires local solutions.
Average home prices are up almost 60 per cent in the GTA and 70 per cent in Metro Vancouver.