Increasing demand for something in short supply will result in higher prices.
The proposal includes an open-ended zero-interest loan.
Sale prices in the Greater Toronto Area at the end of 2016 were almost 110 per cent higher than a decade prior.
Developer fees comprised 13.2 per cent of municipal revenue in the City of Vancouver in 2016.
The owners of 67,000 lots currently zoned for single-family housing can now rebuild their homes as duplexes.
Survey says large majorities of homeowners in Metro Vancouver and the Greater Toronto Area want housing prices to stop rising.
Seattle’s rental vacancy rate jumped to 5.4 per cent—five times that of the GTA.
Heavy-handed policies such as B.C.’s “speculation” tax target symptoms rather than causes.
In 2016, average rents in Montreal were $835 a month compared to $1,242 in Toronto and just under $1,300 in Vancouver.
Uninsured mortgages already require a minimum of 20 per cent down of a property’s value.