Quote:
Originally Posted by Tapioca
|
I think it's a seemly-good solution more than anything.
If they have really thought it through, it'd not be just a legislation but a whole package of things being announced such as infrastructure upgrade and whatever.
What's good of a legislation to pass saying that you can legally do something when there'd be roadblocks on the way as in not enough capacity in things like waterline and sewerline to handle all the added density?
That being said though, I applaud the NDP gov't to really focus on the cause of the problem instead of throwing things that have nothing to do.
RE's value is driven primarily by one thing and one thing only: supply and demand. Zoning is what's preventing us to massively adding supply to the market. And the price would not adjust unless supply and demand come to a point where price must drop.
Thus, I think this is good as a first step. But we now need to start working on other plans on infrastructure should the legislation become law.