Excerpt:
Overly restrictive zoning regulations in Quebec municipalities indirectly prevent the less fortunate from improving their lives by moving to a more prosperous area, according to the Montreal Economic Institute (MEI).
This is one of the conclusions of a new social mobility ranking published Thursday by the think tank associated with the economic right.
Social mobility is the ability to improve one’s relative position on the income scale compared to one’s parents. It’s not just about having a better standard of living, explained MEI senior economist Vincent Geloso in an interview. […]
Zoning rules that limit the construction of new housing are one of the main obstacles to social mobility, according to Geloso. Regulations reduce supply, making housing more expensive. “Therefore, less accessible.”
Housing prices thus become higher in areas where the economy is more prosperous, which limits the ability of the less well-off to move there and benefit from this dynamism, the economist explained.
Read the full article at CityNews Montreal.
Read Barriers to Social Mobility Across Canada here.
CityNews Montreal
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