Montreal unveils 2025 budget with focus on housing, homelessness

The City of Montreal is promising to velocity up operation permits, rise taxes connected owners of vacant tons and walk tens of millions of dollars much to assistance make affordable lodging arsenic portion of its 2025 budget.

The $7.28 cardinal fund unveiled Wednesday by Mayor Valérie Plante includes a committedness to summation the city’s lodging section fund by $100 cardinal implicit the adjacent 3 years arsenic its moves to physique much subsidized housing.

The metropolis besides plans to adhd much gathering inspectors, summation assistance to tenants rights organizations and proceed to bargain up rooming houses that connection low-cost housing.

Montreal’s fund includes an further $3 cardinal for warring homelessness, bringing the full fund to astir $10 million.

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The spending volition beryllium financed successful portion by spot taxation increases that volition mean 2.2 per cent for residential buildings and 1.9 per cent for non-residential.

Plante says the metropolis is besides waiving a interest that non-profits and assemblage organizations wage successful lieu of spot taxes, which she says amounts to $10.5 cardinal successful savings per twelvemonth for 700 organizations.