Fraser Institute: Free Our Cities

The Fraser Institute reports that part of the reason that housing costs are so high in major market cities (like Vancouver and Toronto) rests on the shoulders of beaurocracy.
Their Report ( See: Free our cities ... page 32 in the Fraser Forum July/August 2012 ) states that "restrictive land use regulations increase the price of housing."
Their report suggests that by freeing up regulations, more inventory can be provided at affordable prices.
The report states: "There is another benefit to reducing residential land use regulations: it may help mitigate the effects of housing bubbles. Recent research suggests that US cities with
looser residential land use regulations experienced less of a housing price boom leading up to the financial crisis, and experienced less of a price crash after the financial crisis".
Full Report Here: See: Free our cities ... page 32 in the Fraser Forum July/August 2012