Canada is a basket case for housing development but the only bright spots for outpacing demand with housing are Albertan cities with no rent control like Calgary and Edmonton.
Edmonton recently outpaced Toronto in housing development on an absolute basis with much lower housing prices and less than 1/5th the population!
Edmonton housing prices have gone up in 2025, Toronto's have declined. Alberta's population is growing, Ontario's is shrinking.
Those are the two factors explaining the housing starts, not the ineffectual rent control that exists in Ontario.
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The regulatory environment in Alberta is such that it permits housing to be built, and it does.
The same cannot be said of Toronto (or everywhere else in the nation that isn't the Prairies for similar reasons), for landed interests and the bureaucracy and corruption that comes with them are a lot more entrenched in that area.