It depends on the timeline you're looking at. If you think of the next 5 to 10 years then building luxury condos doesn't help.
However if you look at a 30 to 40 year timeline and we allow all the market rate houses to be built that developers want then those same "luxury" houses will become more affordable over time.
Instead we're sand bagging any development in favour of 25% affordable housing to be built by private developers.
However if you look at a 30 to 40 year timeline and we allow all the market rate houses to be built that developers want then those same "luxury" houses will become more affordable over time.
Instead we're sand bagging any development in favour of 25% affordable housing to be built by private developers.