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.
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
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?