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Montreal buys low, taxes high, land owners say — as developers get offers


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Rosemary Lafrenière would be a millionaire if the city of Montreal applied its new housing development bylaw to buy her acre of land.
Instead, the city has tried to get her parcels in a Pointe-aux-Trembles field for free.
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Montreal buys low, taxes high, land owners say — as developers get offers Back to video
The “Bylaw for a Diverse Metropolis,” which went into effect on April 1, is intended to promote the construction of social, affordable and family housing by requiring new residential development projects contain 20 per cent of each, depending on size and location. But a lesser-known part of the so-called “20-20-20” bylaw stipulates the city will buy vacant land from developers anywhere on the island to build social housing. It even sets the prices the city will pay — ranging from $552 per square metre for land downtown and ....

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