Local GTA governments have tools to increase housing supply, affordability

Urban constraints to affordable housing could eventually push Toronto’s information economy to where housing is cheaper

Local GTA governments have tools to increase housing supply, affordabilityBy Kenneth P. Green Ian Herzog and Josef Filipowicz The Fraser Institute In response to Toronto’s rapidly rising home prices, federal Finance Minister Bill Morneau recently announced the assembly of a working group of experts from all levels of government, aimed at taking a “deep dive” into the housing question. Housing affordability is being affected…

Local regulations limit Metro Vancouver housing supply, affordability

Reforming the minutiae of the building permit process might not be fashionable, but it can encourage homebuilding and affect prices

Local regulations limit Metro Vancouver housing supply, affordabilityBy Ken Green Ian Herzog and Josef Filipowicz The Fraser Institute Vancouver might have the best scenery of Canada’s metropolises, but its real claim to fame is sky-high housing prices, which have risen 86 per cent over the last decade. Common explanations for this relentless growth include foreign investment, low interest rates and questionable practices…

Removing barriers to housing construction crucial to affordability in Calgary

Calgary homes are more expensive now than when oil prices peaked before the 2008 recession

Removing barriers to housing construction crucial to affordability in CalgaryBy Steve Lafleur Josef Filipowicz and Ian Herzog The Fraser Institute Growth in Calgary’s housing market recently slowed alongside oil prices, but today’s snapshot belies the significant increases in housing prices over the past two decades. In fact, Calgary homes (houses, condos, townhouses, etc.) are more expensive now than when oil prices peaked before the…

Houston provides affordable housing example for Vancouver

Reducing red tape allows for innovative solutions to housing for growing populations, ultimately lowering housing costs

Houston provides affordable housing example for VancouverBy Kenneth P. Green Ian Herzog and Josef Filipowicz The Fraser Institute A recent Wall Street Journal article featured a number of cities that stand out, giving well-deserved praise to Vancouver’s walkable urban landscape. But while Vancouver continues to become even more pedestrian friendly, a much bigger problem is going unsolved. Growing housing costs are…

Home building hampered by regulatory hurdles

Smoothing out kinks in the home-building process can pay dividends to anyone looking for a new home

Home building hampered by regulatory hurdlesBy Kenneth Green Ian Herzog and Josef Filipowicz The Fraser Institute In Calgary, home prices have more than doubled over the past decade. Despite the recent economic slowdown, more people are moving to Alberta than leaving it. Economic conditions in Alberta wax and wane over time, but the demand for living here persists. Satisfying this…

The glaring imbalance in Metro Vancouver’s transit plebiscite

Vast majority do not use public transit but are expected to pay for it with higher taxes

The glaring imbalance in Metro Vancouver’s transit plebisciteBy Charles Lammam and Josef Filipowicz The Fraser Institute The current transit plebiscite, conducted by mail-in ballot across Metro Vancouver, asks whether residents are willing to support a 0.5 percentage point increase to the Provincial Sales Tax, which would generate an extra $250 million to help fund $7.5 billion worth of transportation projects tabled by…