Montreal, May 25, 2023 – The new Act respecting expropriation proposed by the Quebec government constitutes a big step backward for property rights in Quebec, says the Montreal Economic Institute following the tabling of Bill 22.

Brief submitted (in French only) by the MEI as part of the 2024 pre-budget consultations held by the City of Montreal.

Les décisions de la Ville de Montréal et de l’administration Plante jouent un rôle prépondérant dans les prix élevés du logement que l’on voit aujourd’hui.

Quelle que soit la noblesse des intentions de la Ville, le règlement «20-20-20» est bien loin «d’assurer une meilleure offre de logements abordables», l’objectif pourtant souhaité.

With taxes, fees, and various regulations, the municipal government apparatus substantially increases the risk and the price developers must pay to build.

The City of Montreal’s housing policies drive up construction and housing costs in the area, shows this MEI publication. In particular, the study targets the City’s “20-20-20” regulation mandating the kinds of housing units to be built as well as certain financial contributions to the municipal government.

This is the story of a parcel of land that’s been sitting vacant for nearly 14 years, right in the heart of a city in search of housing.

Au lieu de montrer du doigt les acheteurs étrangers pour les prix inabordables des résidences, nous devrions plutôt parler de la source du problème.

Instead of blaming on foreign buyers for unaffordable housing, we should be talking about the source of the problem: the many obstacles put in place.

Anyone looking to buy a home has felt it: prices have skyrocketed in recent years. A good portion of the problem comes from the fact that supply has not kept up with growing demand in recent years.