Post #3703207

@tezoatlipoca@mas.to @datum@zeroes.ca @thetyee@mstdn.ca Montreal has right of 1st refusal. The city can purchase any property offered for sale (at the given asking price). Why not every city? Combine this with limited profit entities and targeted support funding and every financial support and guarantee the for-profit industry is provided in Canada For-profit housing won’t solve the problem, neither will subsidizing the for-profit housing industry. “new supply only emerges when prices rise and developers feel reassured they can earn a profit on their investment. Price and supply both move up together over time, with increased supply not necessarily pushing prices down.” https://www.policyalternatives.ca/news-research/the-numbers-dont-lie-the-housing-crisis-is-not-caused-by-a-supply-shortage/