Sweeping changes announced by provincial government to tackle housing shortages, soaring real estate prices and the need for more construction. 🏠
What do you think ? 🤔
•Government introduces a multibillion-dollar housing plan called ‘Homes for People’.
•The plan aims to tackle the housing crisis by allowing up to four units on a single housing lot and taxing house-flipping.
•The budget earmarks $4.2 billion for the plan over three years, targeting the construction of new units and changing zoning laws.
•The plan includes four pillars and aims to build up to 10,000 new homes near public transit in the next 10 to 15 years.
There’s some skepticism these changes will only drive prices up ⬆️ and not enough details yet to see how it will all work out.