Two years after Valérie Plante’s administration said a new housing bylaw would lead to the construction of 600 new social housing units per year, the city hasn’t seen a single one.
The Bylaw for a Diverse Metropolis forces developers to include social, family and, in some places, affordable housing units to any new projects larger than 4,843 square feet.
If they don’t, they must pay a fine or hand over land, buildings or individual units for the city to turn into affordable or social housing.
Seriously. Everybody keeps their family home. Anybody with income earning property gets that turned over to the state to be converted into affordable state run family housing to give the market a reasonable floor and get more people able to own their own family home
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Sounds to me like the fines need to be bigger.
It’s not a fine, it’s a price.
In that case the price needs to be uneconomical
Just start seizing rentals already.
1 to 3 units > can be owned by anyone
4 to 8 units > need to be registered as a company
9 units or more > owned by a non profit crown corporation
Seriously. Everybody keeps their family home. Anybody with income earning property gets that turned over to the state to be converted into affordable state run family housing to give the market a reasonable floor and get more people able to own their own family home
Probably start with the investment firms and mass landlords and we might never even need to get to individual landowners.
So, like, if you reduced the number of rentals and made it uneconomical to build rentals, would you expect the cost of rent to go up or down?
Society can build things without a profit motive.
Housing should be a human right, so rent abolition is next after expropriation of land leeches.