06-07-2022, 10:19 PM
(This post was last modified: 06-07-2022, 10:20 PM by cherrypark.)
(06-07-2022, 06:35 PM)nms Wrote: Any chance that municipalities can add a percentage levy on new condo sales? Something that would lead to a meaningful pot of money that allowed something to actually happen would be nice. Or maybe something that developers could draw from if they were allowing affordable housing in their developments to offset the costs of "cutting into my God-given right to a profit" or however they pitch it to Council when they beg, cap-in-hand, for a few extra floors on their towers? (sorry for the sarcasm)
Different than the God-given right to equity for existing homeowners - particularly low density, heritage designation and "look and feel" wielding ones - to profit while also slowing and increasing the development costs for new builds both big and small? Perhaps we could all pull our weight a little more...
I agree the inception of some municipally dealt fund to incorporate more permanently affordable rentals into appropriate developments - mixed or stand-alone - is well overdue.