For many years I was a fan of Inclusionary Zoning which required a developer to build affordable housing, in return for greater development rights. More recently, I've changed my mind for several reasons. For one thing, they increase the price of the non-subsidized units. This in turn can increase the price of existing housing. Also, mixing social housing with expensive market housing often doesn't work, especially in a soft market. And currently we are in a soft market.
Last week Kerry Gold wrote about one such project in the Globe and Mail. Of course I had to tell her what I thought, and appreciate the fact that she slightly 'santitized' my comments! Here's her story.
