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Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw (www.cbc.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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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.

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[–] 15 points 2 years ago

Developers are the sleaziest slimmest sub-human peices of shit you will ever meet. I used to work in the industry, they are all the same. You could fine them half of the net revenue, and they would still pay the fine over doing anything to help society. It is so lucrative the fine would have to be absolutely enormous to make them not just pay the fine. The fine doesn't really matter anyways because everything is done in credit leveraged against previous projects.

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