Executive defeats three speculative housing program motions

Lisa
Lisa Goudy
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Moose Jaw city hall is pictured.

Executive committee defeated three motions regarding the speculative housing program.

The program was created in 2001 with the intention to encourage contractors to purchase residential lots to build new homes. On Monday, executive committee had a discussion about whether the program needs to exist or if it should be amended.

In a report from planning and development services, it said city administration was in favour of continuing the program with two amendments.

The proposed amendments were to limit the number of lots a contractor can have at any one time to three lots and to have all deposits in the amount of 10 per cent of the purchase price no matter the projected value of the dwelling.

Coun. Heather Eby moved the recommended motion but it was defeated.

Luhning then moved to cancel the program, but it too was defeated.

Next, Boyle moved to table the report pending consultation with the Moose Jaw Construction Association, the Moose Jaw and District Chamber of Commerce and the Moose Jaw Real Estate Board. It was also defeated.

For more information, check back to the website later today.

Organizations: Moose Jaw Construction Association, Moose Jaw and District Chamber of Commerce, Moose Jaw Real Estate Board

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