Beau Jarvis, CEO of Wesgroup Properties, unpacks British Columbia's plan to buy up unsold condo inventory for affordable housing. He argues the policy treats symptoms rather than root causes, and points out that developers were never consulted in shaping it. He makes the case for a different fix: lowering development charges and reforming the regulatory system. Jarvis also explains how municipal governments have become dependent on development fees to fund themselves, and proposes tax-free bonds as an alternative way to finance infrastructure.

The Hub is Canada’s fastest growing independent digital news outlet.

Subscribe to The Hub's podcast feed to get our best content when you are on the go:

https://tinyurl.com/3a7zpd7e (Apple)

https://tinyurl.com/y8akmfn7 (Spotify)

Follow The Hub on X: https://x.com/thehubcanada?lang=en

CREDITS:

Elia Gross - Producer and Editor

Rudyard Griffiths - Host

Chad Hipolito/The Canadian Press - Photo Credit

Hosted on Acast. See acast.com/privacy for more information.