, and sprawling low-density development, onto high value agricultural and natural heritage lands, at the urban edge. Neither result addressed affordability issues, particularly for families at the lower end of the income scale.
All of this suggests a need to take the opportunity offered by a “reset” to stabilize the region’s housing market and development pathway. Further measures, particularly through the federal and provincial tax systems, will be needed to keep speculators and investors from returning to the market and driving up prices again.
Real affordability will require the strengthening of planning rules, not their elimination as suggested by the development industry and the February 2022 provincial. The same is required to produce functional communities where people will actually want to live. Rules are needed to ensure that the necessary infrastructures of all kinds are in place as development happens, that attention is paid to the mix of land uses to reduce road transportation needs, and that proper consideration is given to design, public spaces and urban form.
The process needs to listen to the voices of residents and municipalities, not further marginalize and disregard their input as red tape — as the government’s “The market correction provides an opportunity to rethink the province’s approach to housing. Whether the Ford government takes up the opportunity or continues to double down on a failing pathway, remains to be seen.
Ban 4N & non-resident ownership. Ban Airbnb & like platforms. Cut immigration & 4N students. Ban REITs that aren't purpose built rental. Raise interest rates. Tax 4N capital used to purchase real estate at income tax rates. Do ANYTHING about 💰 laundering. Address toxic demand.
Lmao you people are trash hahahah!! Take your 'news' and leave Canada you scum bags.
Foug Dord steps over a good idea to snatch a bad one nine times out of ten
His buddies keep knocking down affordable rent buildings to build new expensive condos.