Montreal’s once-affordable housing market is under strain, with rising rents, low vacancies, and growing barriers to homeownership. In response, the city introduced an inclusionary zoning bylaw mandating affordable housing in larger developments. While the policy aims to promote equity, this study finds its market-based approach limits its effectiveness in tackling deeper financialization issues driving unaffordability. True municipal intervention, the paper argues, requires acknowledging and navigating the profit-driven nature of housing production.
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