Montreal's RACE to Transform This TOXIC Land into a Housing Solution

[@trevorbutler7169]

Graphic quality on these is awesome. Super interesting about Royal mount, had no idea those two were involved.

[@MichaelBucciIRE]

Glad you enjoyed it! And yeah, the Royalmount mall is a really impressive project

[@PaxGamingHD]

What is master plan? Is it what the city publishes as future objextives?

[@MichaelBucciIRE]

Exactly: A master plan for a city is a long-term blueprint outlining the city’s vision for its development over the next X years.

[@MbisonBalrog]

If cost to purchase and develop is super high then does not solve the housing cost crisis. The builders must charge even more to make profit. Unless these projects are government housing like in American ghettos. But I doubt it.

[@MichaelBucciIRE]

increasing the supply of housing does help the housing crisis as long as the demand (population in this case) doesn’t outpace it.

[@MbisonBalrog]

@ if demand not there who is going to build? Unless taxpayers pay for it which increases their tax. What you can do is zone for redevelopment and then have lottery for tax paying unhoused persons and let them purchase units before even built but not as investment. Govt has to vet the purchasers. Make sure private equity does not get in.

[@MichaelBucciIRE]

there is actually too much demand and it’s outpacing supply, that’s the problem. Right now we don’t have enough homes, and the bottleneck is that it takes too long to get projects approved. The goal should be to speed up the approval of new projects, that’s the only way you’ll actually see a significant increase in housing supply and actually solve the housing crisis

[@MbisonBalrog]

@ no builder or worker will ever do the work to make less money. They will never create more supply than demanded unless taxpayers pay them more money. That just means higher taxes. This is not the solution.

[@MichaelBucciIRE]

I know hundreds of developments that are being held up because the city takes years to approve projects. Trust me, developers want to build more and fast. It has nothing to do with them thinking there isn’t enough demand, and it certainly has nothing to do with taxes.

[@MbisonBalrog]

Will they put in an ice rink?

[@MichaelBucciIRE]

It’s very early in the planning process, so only time will tell