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Affordable housing in Victoria


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#1561 RFS

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Posted 15 February 2019 - 11:50 AM

Why can't city council act like normal human beings in a business relationship and be partners with developers? Why do they have this confrontational superiority complex? Is it because none of them have ever had actual jobs?

#1562 Nparker

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Posted 15 February 2019 - 11:56 AM

Why can't city council act like normal human beings in a business relationship and be partners with developers? 

I think at least half of this council truly believe developers are evil, moustache-twirling capitalists, who go home to their gold-plated mansions every night and roll around in piles of money which they acquired by taking advantage of the working class.

I am not sure who they think is going to build all their affordable and supportive housing.
 


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#1563 spanky123

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Posted 15 February 2019 - 12:15 PM

Get used to it, the socialists in the US just "convinced" Amazon to not set up shop in NYC. It is more about idealism then it is about being practical. 



#1564 DustMagnet

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Posted 15 February 2019 - 12:17 PM

I think at least half of this council truly believe developers are evil, moustache-twirling capitalists, who go home to their gold-plated mansions every night and roll around in piles of money which they acquired by taking advantage of the working class.

I am not sure who they think is going to build all their affordable and supportive housing.
 

 

It's a business, not a charity. 

 

A think the real non-starter that no one seems to mention directly is that forcing "affordable" units into a building that is "market priced" (so... unaffordable?) is mixing socioeconomic classes that might not want to be mixed.

 



#1565 spanky123

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Posted 15 February 2019 - 12:19 PM

It's a business, not a charity. 

 

A think the real non-starter that no one seems to mention directly is that forcing "affordable" units into a building that is "market priced" (so... unaffordable?) is mixing socioeconomic classes that might not want to be mixed.

 

 

I think that is entirely the intent though. What better way to stick it to the non-socialist elite then by forcing them to share a building with the downtrodden?



#1566 Nparker

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Posted 15 February 2019 - 12:22 PM

...forcing "affordable" units into a building that is "market priced"...is mixing socioeconomic classes that might not want to be mixed...

Although this is likely quite true, no one will admit that publicly. How well has this sort of mix worked at 834 Johnson? Are there other contemporary examples in the CoV?


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#1567 Victoria Watcher

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Posted 15 February 2019 - 12:28 PM

Although this is likely quite true, no one will admit that publicly. How well has this sort of mix worked at 834 Johnson? 

 

These suites are for disabled adults and seniors.  not the typical homeless person.



#1568 spanky123

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Posted 15 February 2019 - 12:29 PM

Hot off the press, affordability crisis in Victoria (and Canada for that matter) averted!

 

According to Moody's, housing prices in Victoria will be virtually flat for the next 5 years. Exactly what has happened in every past cycle but something that we keep forgetting. 

 

Wages will now be given an opportunity to catch up.


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#1569 Nparker

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Posted 15 February 2019 - 12:31 PM

These suites are for disabled adults and seniors. Not the typical homeless person.

Fair enough. It was the only example I could think of (off the top of my head) where units were set aside for a predetermined population in an otherwise market project.



#1570 Nparker

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Posted 15 February 2019 - 12:32 PM

...Wages will now be given an opportunity to catch up.

Or more likely stagnate.



#1571 Victoria Watcher

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Posted 15 February 2019 - 12:42 PM

Fair enough. It was the only example I could think of (off the top of my head) where units were set aside for a predetermined population in an otherwise market project.


the project at topaz and quadra is some type of mix. not sure how it’s done.

#1572 RFS

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Posted 15 February 2019 - 12:47 PM

Wages will now be given an opportunity to catch up.


Not likely with Trudeau's immigration plans. Remember, immigration = wage stagnation

#1573 Citified.ca

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Posted 21 February 2019 - 09:04 AM

Fire-damaged-Traveller's-Inn-Motel-turned-rental-complex-listed-for-sale-at-just-below-$20M.jpg
Victoria Fire crews on-scene at 760 Queens Avenue in March of 2016. Damaged by fire, the 87-unit residential complex north of downtown Victoria was formally closed in 2018, according to sales records that show the property for sale at $18 million.
 
Fire damaged Traveller's Inn Motel-turned-rental complex listed for sale at just below $20M
https://victoria.cit...just-below-20m/
 
A former Traveller’s Inn Motel property damaged by fire in 2016 has been listed for sale by Victoria landlord and city council candidate Robin Kimpton.
 
Priced at $18 million, the half-acre lot at 760 Queens Avenue near Bay Street contains a four-storey motel complex-turned-affordable rental building with nearly 90-suites.
 
In 2017 just under $1.5 million in permits were pulled from the City of Victoria for restoration purposes, although it is not immediately clear whether the property was fully remediated or remains in need of repairs. According to sales documents the building was “closed without any income in 2018.”
 
“With respect to development, the property is in the direct line of fire for the expansion of downtown Victoria’s downtown core,” reads the listing description represented by real-estate agent Robert Brown. “Permitted uses in this zoning include, but are not limited to: transient accommodation, multiple dwellings, and business offices or professional offices as well as retail stores.” [Full article]


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#1574 Nparker

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Posted 21 February 2019 - 09:11 AM

I imagine the Province will likely buy this place.



#1575 Mike K.

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Posted 21 February 2019 - 09:15 AM

Listed at $18 million, assessed at just over $4 million.


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#1576 Mike K.

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Posted 21 February 2019 - 09:16 AM

Did anyone catch the "the property is in the direct line of fire for the expansion of downtown Victoria’s downtown core" line? That's pretty good :)


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#1577 Nparker

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Posted 21 February 2019 - 09:23 AM

Did anyone catch the "the property is in the direct line of fire for the expansion of downtown Victoria’s downtown core" line? That's pretty good :)

Yeah that was a clever choice of words. Good on ya.  ;)



#1578 Jackerbie

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Posted 21 February 2019 - 09:51 AM

I imagine the Province will likely buy this place.

 

Priced at $18 mil, so they'd likely pay more than $20 mil just because



#1579 Nparker

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Posted 21 February 2019 - 09:57 AM

Priced at $18 mil, so they'd likely pay more than $20 mil just because

Exactly. 



#1580 Mike K.

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Posted 21 February 2019 - 10:10 AM

Not my words!

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