A united government would buy 10,000 houses or condos in a first mandate in order to resell them on average 25% cheaper.
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This is the promise made by Gabriel Nadeau-Dubois Monday morning, in Longueuil, in order to partially stem the housing crisis.
Québec solidaire is inspired by an American model of community land trusts where the State remains the owner of the land, which reduces the cost of purchase by about a quarter, according to the formation.
When selling the property, the buyer would have to return the house to the state, for a pre-agreed profit.
The houses would be purchased through the creation of a $1 billion Anti-Speculation Fund, administered by the Société d’habitation du Québec and managed by local organizations.
“To solve the housing crisis, we need more social housing, but also affordable houses for the middle class. This is the commitment I am making today: 10,000 affordable properties, everywhere in Quebec. 10,000 houses 25% cheaper, without risk and without overbidding, in a first term,” QS spokesperson Gabriel Nadeau-Dubois said in a statement.
More details will follow.