The Ville de Montréal presented the OCPM its draft By-law for a Diverse Metropolis, setting inclusiveness objectives for affordable, social and family housing as part of new residential projects in Montréal with more than five units.
The Chamber believes that quality of life and the affordability of the residential market, including access to housing, are important assets to protect and essential factors in the city’s attractiveness. Montréal’s situation is not the result of chance, but rather of decades of public policy to adapt to market forces. However, the proposed Ville de Montréal by-law could create undue effects on Montréal’s real estate market: fewer new projects, a weakened real estate sector, urban sprawl and a generalized increase in the cost of available housing.
The By-law for a Diverse Metropolis must therefore be studied with a clear objective in mind: ensuring real estate investors and developers can substantially increase the housing supply to restore balance between supply and strong demand, in every segment of the market. The Chamber proposes a series of recommendations to ensure greater predictability, flexibility and consistency in the Ville de Montréal By-law.
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