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.
I mean nationalize the industry so no one makes money. Only government constructs housing. All real estate development firms are nationalized and taken over by government, all equipment seized, all construction workers now under employ of the government.
It might be the only real way to solve the problem.
Given a significant portion of politicians own investment and rental properties, I’d be nervous about how well they would actually handle owning all the housing supply. I think there are corruption issues and policies to protect the public needed before the government should own significant amounts of housing.
AKA we need a new government and to annihilate the ruling class
It will be impossible to have any functional system until the dysfunctional humans are removed from play.