this post was submitted on 21 Aug 2023
296 points (99.0% liked)

Canada

7106 readers
320 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Regions

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
[email protected]
296
Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw (www.cbc.ca)
submitted 1 year ago by [email protected] to c/[email protected]
64 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

I'm sure there's a high enough fine that would make it more financially advantageous to build social housing, but there's also the problem of these developers be willing to take a hit on their very hefty profit margins if that means maintaining a "brand", so I'd wager policymakers underestimated the effective fine value by a factor of 10 at least.