Population and Housing

[ZEBuilder]

Ford was in the Region on Tuesday talking at Catalyst 137 and his talk was wide range but had some interesting comments about the housing crisis.

Ford Calls for Collaboration to Solve Housing Crisis

One of his comments is the following, "'If we can flood the market and have the supply to make sure the people have an attainable home or affordable or non-profit, then the costs are going to at least level off, or maybe dip a little bit,' said Ford."

It seems as if he is lacking the basic understanding that developers do not ever want to flood the market since it cuts into their profits. Between Vive, Zehr, Dov Capital, Polocorp, IN8 and Vanmar there are over 11000 units proposed, of them only 3600 are fully approved for construction (have OPA/ZBA, Site plan approval) of those 3600 there is only 1500 that have any sign of construction activities (Station Park T3 and 3241 King St E). So it seems to be that if he wants to flood the market he needs to incentivize developers to do so since there is 2000 units that are just sitting there completely approved with no action.