In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
There's plenty of room to grow upwards by adding more homes within the city’s existing urban footprint.
Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
Between 2011 and 2016, the city gained more than 116,000 new residents.
It costs an estimated $78,000 per unit to comply with building regulations in Vancouver.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.
Red tape has strangled housing supply growth in Toronto and Vancouver.
Sharing best practices is an easy first step towards a more housing-friendly and affordable Lower Mainland.
By capping rents, governments create a disincentive for prospective builders to construct new units.
The price of housing, like anything else, is determined by supply and demand.