Opponents, including the local board of trade, are calling for Montreal’s housing bylaw to be scrapped at least temporarily.
Attendees were not impressed as city council’s housing committee held a public hearing Friday in conjunction with the release of a report on the two-year-old bylaw, the Montreal Gazette reported. The report says the bylaw could eventually produce more than 900 social, affordable and family housing units per year.
However, no such units have been built thus far. Citing high costs, developers have opted to pay fines or release properties to the city instead.
The Board of Trade of Metropolitan called for the city to suspend the application of the bylaw and “find a well-calibrated solution that is based on the funds made available by the governments of Canada and Quebec.” Julien Hénault-Ratelle, a councillor with the Ensemble Montreal opposition party, wants the city to suspend the bylaw for the time it takes to make changes in the current economic context in Montreal.”
In August, Ensemble Montreal called on the city to incentivize developers.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.