Montreal aims to find affordable-housing fix that has eluded Toronto, Vancouver

MONTREAL — As Toronto and Vancouver struggle to keep housing affordable for anyone but the wealthy, Montreal says its new, first-on-the-continent development model will help it succeed where other big cities have failed.

Montreal led big Canadian cities in 2018 with economic growth of almost 3 per cent, while its real estate market outperformed Toronto and Vancouver’s for the first time since 1998.

As home prices continue to climb, the city is getting ready to table a bylaw this month requiring condo developers to build a certain number of off-market units for every shiny new residential tower they want to erect.

Read the full story at nationalpost.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist for the Intelligent Community Forum.
See other pages related to Montreal ICF Member News

Showing 1 reaction

Be the first to comment

Please check your e-mail for a link to activate your account.