“The cost that is associated with policies at all three levels of government has made it that we can no longer build what people can afford,” she said.
I’m curious what she means by this exactly. Non-market housing and art is mentioned later on. Are they expected to pay for that themselves?
It’s not like they physically can’t build condos people can afford. With no regulations they could build South Korea-style coffin apartments. Nor are they making money from this situation.
It wouldn’t be any cheaper for the government, and the government itself has a limited amount of funding. (And that would be true regardless of the tax rate)
“The cost that is associated with policies at all three levels of government has made it that we can no longer build what people can afford,” she said.
Ontario is rife with billionare developers in Vaughan.
But the real point is we cannot build housing relying on private industry any more.
I’m curious what she means by this exactly. Non-market housing and art is mentioned later on. Are they expected to pay for that themselves?
It’s not like they physically can’t build condos people can afford. With no regulations they could build South Korea-style coffin apartments. Nor are they making money from this situation.
What the developer is saying is that their private industry can’t function anymore and it needs to be nationalized and social housing made a right.
Private industry where it can, social industry where it must.
It wouldn’t be any cheaper for the government, and the government itself has a limited amount of funding. (And that would be true regardless of the tax rate)
Ontario is rife with billionare developers in Vaughan.
But the real point is we cannot build housing relying on private industry any more.
It wouldn’t be any cheaper for the government, at least if the government is following the same rules.
Could they build houses? Sure. Will they? BCH is already starting up. Will it solve this particular problem? Not directly.