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.
Seems like the fine isn’t high enough to steer them towards the intended objective.
Padulo is already frustrated with tenant rights’ protection in Quebec under the province’s housing tribunal, which he says is biased “against landlords.” Now, he says, the city wants to “put its nose” in his business.
“If people can’t afford it, they should not live in the city. The city is made for the privileged,” he said.
Nicola Padulo mérite une place de choix dans la queue pour la guillotine.
Ce sont des sociopathes comme lui qui sont à la racine de nos problèmes. Honnêtement ça prendrait une bonne manif devant sa porte de maison pour lui montrer que c’est lui qui n’a pas d’affaire ici.
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This was easily foreseeable. The only way to get affordable housing in a market economy is to increase supply or decrease demand. This policy did neither
Completely agree and I would even say this policy made things worst disincentivizing developers to build because it makes the project more expensive. In my opinion the best that the government could do is 1st make construction easier, 2nd forbid corporations to own multiple units and 3rd ban Airbnb.
Back in May, there was a law on the books in the Quebec legislature to fine Airbnb for every unregistered unit on their site. I hope that gets through soon!
