The Chamber of Commerce of Metropolitan Montreal is calling for the suspension of the controversial regulation on social, affordable and family housing due to its failures and its negative impact on housing starts.
The regulation for a mixed metropolis (also called 20-20-20) is nothing other than a tax on new construction which fuels real estate inflation without impact on the shortage of social and affordable housing, maintains the Chamber (CCMM).
“The Regulation for a mixed metropolis has not resolved the shortage of social and affordable housing. Worse still, we believe that this regulation has contributed to weakening residential development and that it has, in turn, worsened the shortage of housing in the territory,” reads the CCMM opinion made public on Friday.
The release of the CCMM coincides with the City of Montreal holding an assembly on Friday to discuss its proposal to update the Regulations for a mixed metropolis.
The organization representing the business community does not mince its words in its criticism of the regulation.
“The results of the Regulation after two years reveal that only one social housing project, representing 86 apartments, has gone ahead since the Regulation came into force. “It’s a real failure,” the Chamber of Commerce states categorically.
Following the October 30 report, the City introduced three changes to the by-law that did not impress Michel Leblanc, President and CEO of the CCMM.
“It is urgent to suspend the application of the regulation to find a well-calibrated solution that relies on the new funds released by the governments of Quebec and Canada. We must stop imposing an additional cost on developers and buyers, when we instead want to accelerate the construction of housing,” he said in a press release.
For the Chamber, the solution involves increasing the supply of all types of housing. She suggests that Valérie Plante’s administration encourage density in areas served by public transportation, accelerate the issuance of building permits and concentrate the city’s resources in specific sectors such as the racetrack or the Bridge sector. Bonaventure.
