$40,000/60 months of lower rent.
So your subsidy is $666/mo.
Posted 19 September 2023 - 02:57 PM
$40,000/60 months of lower rent.
So your subsidy is $666/mo.
Posted 19 September 2023 - 02:58 PM
...So your subsidy is $666/mo.
How fitting it is the mark of the beast.
Posted 19 September 2023 - 03:38 PM
But think of all the government jobs to run this new program.
Posted 26 September 2023 - 05:07 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 26 September 2023 - 05:32 PM
...These housing targets are net new units to be completed within five years.
And who exactly is going to build these units when existing projects have trouble finding enough crew? I suppose we can just import more workers from overseas, since that can't possibly aggravate the housing situation.
Is being a socialist a type of mental disability?
Posted 26 September 2023 - 05:36 PM
...more people will be able find a home in the community they love...
Perhaps people should be encouraged to love some other communities.
Posted 26 September 2023 - 05:37 PM
Posted 26 September 2023 - 05:39 PM
My biggest hope is that BC voters choose a different path come the next election.
Posted 26 September 2023 - 06:39 PM
District of Oak Bay – 664 housing units
District of Saanich – 4,610 housing units
City of Vancouver – 28,900 housing units
City of Victoria – 4,902 housing units
Vancouver and Victoria are about equal per capita. But Saanich is expected to do less than Victoria even though Saanich has more than 5x the land area to play with. Oak Bay is expected to do one-seventh of Victoria even though Oak Bay has 50% the land area of Victoria.
But then there's the flip side: in Oak Bay those 664 units would translate into sixteen ~40-unit buildings. A building like Bowker Collection has ~45 units and the Redfern will have ~30 units. So where is all of this new construction supposed to occur if not via the wipeout of existing homes and/or commercial villages?
Dare I say there's no sense to any of it? Methinks it's mainly intended to energize yet more controversy and upset.
Posted 26 September 2023 - 06:45 PM
...Dare I say there's no sense to any of it? Methinks it's mainly intended to energize yet more controversy and upset...
In other words, it's pretty much the same as every other government scheme.
Posted 26 September 2023 - 06:59 PM
Vancouver and Victoria are about equal per capita.
But even this is a bit screwy, because you're allowed to build much taller buildings in Vancouver. So either we're expecting the typical residential tower in the new-and-improved Victoria to be much taller than ~15 stories, or we're expecting to wipe out a lot of houses (or both).
Posted 26 September 2023 - 07:01 PM
I think we're going to see a massive push for legalizing more suites, and officially entering them into the housing market through some form of government incentives. There is no physical way Victoria can build 20 Hudson Houses, in 60 months. Starlight is ~1,500 units with a 10-15 year build-out.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 26 September 2023 - 07:15 PM
There was supposed to be a big federal gov. announcement tapping into the building accelerator fund. Burnaby and Surrey were going to get millions.
Then the feds found out about metro Vancouver imposing DCC's and the announcement and funding were immediately cancelled.
Posted 27 September 2023 - 07:48 AM
There is no physical way Victoria can build 20 Hudson Houses, in 60 months. Starlight is ~1,500 units with a 10-15 year build-out.
And it is not like Starlight is in great shape. Their latest financials (Western Canada Multi-Family Fund) are pretty bleak. https://www.starlightinvest.com/news
Edited by spanky123, 27 September 2023 - 07:48 AM.
Posted 27 September 2023 - 07:50 AM
Then the feds found out about metro Vancouver imposing DCC's and the announcement and funding were immediately cancelled.
I guess Langford is SOL then as well!
Victoria is in great shape as they continually waive DCCs and bonus density fees for developers, that is why our property taxes shoot up well above inflation every year. Why get developers to share their profits when you can get everyone to pay?!
Posted 28 September 2023 - 02:15 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 28 September 2023 - 02:18 PM
Posted 28 September 2023 - 02:19 PM
Posted 28 September 2023 - 04:11 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 28 September 2023 - 04:17 PM
Victoria is the red-headed stepchild of government funding. I doubt we'd even notice the difference.
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