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The Conservative Party Has No Real Solutions For The Affordability Crisis
(www.readthemaple.com)
this post was submitted on 09 Sep 2023
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To me that really only seems like half a solution.
The BC government already implemented a rule that any single home lot can have buildings which contain up to 4 separate dwellings to be built no matter the local zoning, which I find can have many issues down the road with providing infrastructure to areas with 4x more people than was planned for.
But you still need developers to buy that land and take the risk of funding the construction of houses and apartments and hire work crews which are already limited and can only build so fast. Developers are not willing to take out as many loans to fund these contractions which interest rates as high as they are.
We need to have low interest rate loans for home construction and some sort of incentive to get residential construction crews to expand or new construction companies to start up and the trades to train on more apprentices.