In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
city of vancouver
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.
Living wage law may lead to higher municipal taxes or reduced spending on other services.
Living wage laws tend to reduce employment opportunities for low-wage and low-skilled workers.
Encouraging home ownership may deter the labour mobility vital for a dynamic economy.
Demand-side forces are still at play regardless of the new tax on foreign buyers.
If new housing supply can adequately respond to spillovers in demand, there’s no reason for bidding wars in middle-class neighbourhoods.