Davidoff has tweeted his support, saying "I really hope that this tax encourages high end homeowners to rethink opposition to upzoning, I'm interested to see if there is such an impact."
REZONING INFLATES land values and unit prices that have been FUELLING the affordability CRISIS. We have seen this throughout Vancouver.
Wherever there have been planning processes leading to upzoning, property VALUES have INFLATED more than the average. And the older, more affordable buildings are DEMOLISHED, DISPLACING PEOPLE.
Clearly, one can see the real outcome here: developer profits.
and squeezing seniors out will not help millennials nor make things more affordable.