Quote:
Originally Posted by Roughneck
2- Okay, great. Calgary typically has ~10,000 housing starts a year. So a nice $100M+ from the federal government each year. Toronto would get a nice $360M. Does it apply to all units? Get $10K for a secondary suite perhaps? I say go even more direct and give $1M for each building with a parking maximum to encourage more affordable higher-density developments. Doesn't seem to go along with the whole 'cut inflationary spending' bit but money talks I would love to see the transfer of billions from the feds to municipalities. Where's the money for this going to come from?
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At least this $10k would only apply once the unit was occupied. No subsidy for those who buy/build a unit just to flip it.
Of course, the traditional conservative response to this is - won’t this just cause inflation? If the buyer can expect to pay $10k more, won’t it just flow through to the developer? I swear the same thing has been said about most other proposed subsidies, I fail to see how this one will be different other than whose idea it was…