3492 replies to this topic

[VicHockeyFan]

Some might wonder why we have so many non-Canadians living and buying homes amongst us.  We have more than double the immigration rate of the US.

[sdwright.vic]

How does

..."double the immigration rate of the US" equal ...." so many non-Canadians living and buying homes amongst us."

Are you saying immigrants aren't Canadians? The two statements kind of contradict each other?

[DavidL]

^ Where has this been done before in "other markets"?

 

Sorry I've been away.  Whistler is probably the best example of a concerted non market housing program with housing prices pegged to inflation for locals, program was developed in the late 90s and early 2000s.  Quite successful by all accounts, particularly as a bridge from renting into market housing.

[Sparky]

^ Thank you

[spanky123]

Sorry I've been away.  Whistler is probably the best example of a concerted non market housing program with housing prices pegged to inflation for locals, program was developed in the late 90s and early 2000s.  Quite successful by all accounts, particularly as a bridge from renting into market housing.

 

Lots of socialist European cities have a similar model. Whistler works better than most as the community is limited in size and employment numbers are fairly constant. In larger cities you wind up putting your child's name on the waiting list at birth in the hopes that they might have something come up by the time they have kids. 

 

This is definitely the path the Trudeau is on and that Helps hopes will get her elected in 2019 as the Victoria Liberal candidate. 

Edited by spanky123, 10 October 2017 - 11:25 AM.

[spanky123]

Makes sense to me, raise the price of rents for middle class Canadians in order to subsidize the rents of low income earners. Will also allow more low income earners to get into the rental market so that they can drive up competition for everyone!

 

https://www.theglobe...rticle37046894/

 

I seem to recall saying that "tax the rich" always sounds great until you realize that the Government considers you "rich".

[VicHockeyFan]

 

Fees waived for affordable housing project in Sooke

Knox Vision Society is building a $11.3-million facility on Church Road

 

 

The Knox Vision Society is building a $11.3-million, 42-unit affordable housing facility on Church Road, which will consist of one, two and three-bedroom suites. 

 

 

http://www.vicnews.c...oject-in-sooke/

 

Average of $269,000 per unit.

[Nparker]

Average of $269,000 per unit.

More "luxury" condos! 

[spanky123]

New G&M article suggesting that housing affordability in major cities is being impacted by .... immigration. https://www.theglobe...rticle37880220/

 

You have to wonder if the 93% increase in students and temporary workers taking out mortgages is simply them circumventing the new foreign buyers tax.

Edited by spanky123, 07 February 2018 - 10:14 AM.

[Citified.ca]

Province earmarks $13 million for affordable housing in Sooke and Langford

https://victoria.cit...e-and-langford/

[Citified.ca]

The Capital Regional District headquarters in downtown Victoria. Together with the Vancouver Island Health Authority and BC Housing, the regional district is seeking proposals from housing organizations and private sector developers to building $60 million worth of affordable housing on southern Vancouver Island.

 

CRD’s Housing First Program to deliver $60M of affordable housing for vulnerable Victorians

 

https://victoria.cit...ble-victorians/

 

The Capital Regional District together with the Vancouver Island Health Authority and BC Housing are seeking expressions of interest from non-profit housing providers, community groups and private sector firms to submit proposals for the development of self-sustaining affordable housing projects throughout Greater Victoria, Citified has learned.

 

$60 million has been earmarked under the Capital Regional District’s (CRD) Regional Housing First Program to significantly increase affordable rental housing on southern Vancouver Island while also addressing housing needs for persons struggling with homelessness. The funding is split evenly between BC Housing via the Provincial Investment in Affordable Housing program and the CRD together with the Capital Regional Hospital District.

 

Although exact details of the initiative have yet to be publicly disclosed, Citified has confirmed candidates will be rated based on their ability to deliver housing suitable for persons earning a low-to-moderate income while priority will be given to proposals that incorporate a portion of housing units that rent at provincial Income Assistance Rates without dependence on additional funding from the CRD or BC Housing.

 

Although projects focused on a wide range of population groups will be considered, priority will also be given to proposals focused primarily on indigenous persons experiencing homelessness, youth aged 16-to-25 experiencing homelessness and women fleeing violence. [Full article]

[spanky123]

Although exact details of the initiative have yet to be publicly disclosed, Citified has confirmed candidates will be rated based on their ability to deliver housing suitable for persons earning a low-to-moderate income while priority will be given to proposals that incorporate a portion of housing units that rent at provincial Income Assistance Rates without dependence on additional funding from the CRD or BC Housing.

 

So how do you build "self-sustaining" rental units when your rental income is $375 - $475 a month?

Edited by spanky123, 08 February 2018 - 10:27 AM.

[Mike K.]

Likely through grants and assistance from external organizations, and of course BC Housing financing to build the project, and all of your land/construction costs paid for. You just manage the housing and don’t come knocking on the CRD’s door.

[spanky123]

I am wondering if any level of Government has been watching the stock markets over the past week. The TSX has now given up 4 years of gains which may change, but if it doesn't will have an enormous impact on tax revenues as investors claim their capital losses and pull their money out of equities. .

[VicHockeyFan]

Likely through grants and assistance from external organizations, and of course BC Housing financing to build the project, and all of your land/construction costs paid for. You just manage the housing and don’t come knocking on the CRD’s door.

Well, that requires some taxpayers to throw in some cash or land. Not sure any municupality wants to do that, except us suckers in CoV that will keep throwing more and more cash at attracting more undesirables.

[Mike K.]

The $60 million pays for the land, right?

[spanky123]

Likely through grants and assistance from external organizations, and of course BC Housing financing to build the project, and all of your land/construction costs paid for. You just manage the housing and don’t come knocking on the CRD’s door.

 

Hard to keep track of all of these requests and projects. Does the $60M include the $20M from the feds that they were hoping for? The Burnside proposal made last week isn't funded so will that come from this $60M or will more money need to be found?

 

At least Langford and Sooke make it easy to understand.(and likely why they get the money).

[Mike K.]

Mayor Helps has been touting $90 million with $30 from the feds. But the CRD/BC Housing are proceeding with $60 million with funding via the CRD and the provincial affordable housing program via BC Housing. If there’s a federal component worked in here it’s not publicized, but that marching $30 appears missing or could become available at a later time.

Based on the requirements it does not appear the Burnside project qualifies unless it becomes partially targeted to indigenous people and 16-25 year-olds facing homelessness, and women fleeing violence. So far Pacifica says the project is for low-to-moderate income earning families.

[PPPdev]

More lower end housing, still no plans for missing middle housing in our urban environment. Plus, I've seen the RFP and the requirements are quite stringent...

[LJ]

Although exact details of the initiative have yet to be publicly disclosed, Citified has confirmed candidates will be rated based on their ability to deliver housing suitable for persons earning a low-to-moderate income while priority will be given to proposals that incorporate a portion of housing units that rent at provincial Income Assistance Rates without dependence on additional funding from the CRD or BC Housing.

 

So how do you build "self-sustaining" rental units when your rental income is $375 - $475 a month?

Well I hope those candidates also have gender equality, or it's just not gonna fly with me.