Canada had long provided subsidized housing for people who couldn’t afford to pay market value: for workers and returning veterans after the Second World War, for example, and in the 1970s and early 80s as pressure mounted for Ottawa to intervene during a series of recessions.
In the early to mid-1990s, back-to-back governments of different political stripes — first the Conservative government under Brian Mulroney and then Jean Chretien’s Liberals — began pulling back from the business of affordable housing.
I think, in Montréal, let’s say a private contractor build 50 condos units, he must build/reserve 2 social ones, or pay a fee. What do you think he does? Pay the fee, divide by 50, include it in the condo price.
@Magister @[email protected]
Here’s your answer.
https://globalnews.ca/news/9910537/montreal-developers-pay-fines-instead-of-building-affordable-housing/