A five-to-four vote last week sent the “missing middle” housing plan back to city staff for additional consideration over the summer.
It would expedite the development of duplexes and triplexes on lots currently zoned for single family homes. “We need to leverage the private sector to build housing that people need, that they can afford to buy. There are people that can get a mortgage and can afford to buy a home in the half-million-dollar range.”
Eby has hinted that once the votes are counted in October, the provincial government might introduce legislation to limit local government powers over housing development.
More government red tape. That’s why no solution is on the horizon.
Still not enough you fail to realize how many of us expats are retiring in BC
What is wrong with increasing supply? That should help the housing market. Again PostMedia needs to have a negative headline to please their Conservative owners.
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Ontario’s politicians all tout the same fix for the housing crisis: supply, supply, supply. But experts say it’s not that simpleOntario’s politicians all tout the same fix for the housing crisis: supply, supply, supply. But experts say it’s not that simple. Boosting Ontario’s housing supply won’t necessarily bring down prices and make homes more affordable. Sprawl is very expensive. Those initial costs go on developers who increase home prices. Sprawling highways will just drive up costs. Make municipalities build infrastructure and limit development charges. and the labour required to do it is just not there, especially if this is supply is to be made through detached housing. These houses are nothing more than plywood boxes!!! Not worth $$$$$ millions that people are paying due to high demand. Mortgage rates have gone up. That is slowing down sales. Way overpriced!!!
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Posthaste: Housing affordability suffers worst decline since 1994Higher mortgage rates have pushed housing affordability to the worst decline in a generation, National Bank says. Find out more.
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