I think BC Housing does have nameplate projects.
They own properties after they are built but I don't recall them ever building something themselves.
Posted 12 September 2023 - 09:49 AM
I think BC Housing does have nameplate projects.
They own properties after they are built but I don't recall them ever building something themselves.
Posted 12 September 2023 - 11:00 AM
Rent is going up more than $100 a month right now — with the average asking price a record $2,117
Average asking price for a new tenant has risen by 9.6% in last year, Rentals.ca says
https://www.cbc.ca/n...ugust-1.6963839
Edited by Victoria Watcher, 12 September 2023 - 11:00 AM.
Posted 12 September 2023 - 11:14 AM
Posted 12 September 2023 - 02:39 PM
Rent is going up more than $100 a month right now — with the average asking price a record $2,117
Average asking price for a new tenant has risen by 9.6% in last year, Rentals.ca says
https://www.cbc.ca/n...ugust-1.6963839
Posted 18 September 2023 - 08:52 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 18 September 2023 - 09:33 AM
“We’ve heard from a lot of homeowners that they would love to create a rental suite on their property, but find the process to build and manage one confusing and time-consuming,” said Ravi Kahlon, Minister of Housing.
That is a laugh. I am sure homeowners are far more concerned about rent and vacancy controls and their ability to EVER recover the investment in the property let alone generate any sort of meaningful return.
Posted 18 September 2023 - 09:44 AM
...Our government is laser-focused on taking action on housing...
If this is true, then reduce costly environmental regulations and cut or eliminate the taxes that make housing so expensive.
Posted 18 September 2023 - 09:57 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 18 September 2023 - 11:36 AM
Posted 18 September 2023 - 12:45 PM
Posted 18 September 2023 - 01:52 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 18 September 2023 - 07:23 PM
That is a laugh. I am sure homeowners are far more concerned about rent and vacancy controls and their ability to EVER recover the investment in the property let alone generate any sort of meaningful return.
The real kicker is if you take advantage of the "loan" you have to rent the property out at below market rents.
Posted 19 September 2023 - 08:31 AM
Posted 19 September 2023 - 08:37 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 19 September 2023 - 08:42 AM
Posted 19 September 2023 - 08:50 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 19 September 2023 - 09:15 AM
...Sounds troublesome for just a tiny portion of the overall cost...
That seems par for the course with the NDP.
Posted 19 September 2023 - 09:30 AM
It is great news, I am sure that they will be hiring a bunch of people to administrate it and to follow up with making sure that there are proper rental agreements. Can I have a job as well.
Posted 19 September 2023 - 02:50 PM
The B.C. government is offering homeowners up to $40,000 to build a secondary suite as part of a new program aimed at boosting the supply of affordable housing across the province.
The three-year incentive program, announced Monday by Premier David Eby and Housing Minister Ravi Kahlon, will accept applications beginning in spring.
About 3,000 eligible homeowners will be offered forgivable loans of up to $40,000 to help pay for construction costs for basement suites, garden suites or laneway homes on their property.
https://www.timescol...to-know-7570733
Edited by Victoria Watcher, 19 September 2023 - 02:50 PM.
Posted 19 September 2023 - 02:53 PM
But here's the catch:
What are the requirements for the loan to be forgiven?
You need to rent out the secondary suite at below market rates for at least five years
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