Canada's developers are building less housing despite crunch, a new study says. That could keep prices up - eviltoast
  • ILikeBoobies@lemmy.ca
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

    Okay, let’s take Ford’s target of 1.5m over 10 years or 150 000 a year

    Next year it would be 172500, followed by 198375, followed by 228131 and so on

    As we know it’s illegal for municipalities to operate in the red. So how high are your property taxes going to be to accommodate that when the city loses funding to cover those costs because they don’t make it

    A realistic solution for other levels of government to intervene would be to build housing on land that they own