The 2021 edition of the decades-long housing crisis/rental crisis. What's the expression? Same ****, different decade?
CHEK News
March 30, 2021
Feds to provide $100 million loan to create over 200 ‘affordable’ rental homes in downtown Victoria
The $100-million loan is coming from the federal government’s Rental Construction Financing Initiative, which provides low-cost loans to encourage the construction of low-cost housing nationwide. The loan must be repaid within 10 years.
Minister Hussen said the federal government recognizes that housing is becoming increasingly less affordable in major urban centres nationwide, including Victoria.
“People like teachers, nurses, shopkeepers, firefighters, paramedics, construction workers. Those people are finding it harder and harder to afford rent in Canada’s urban centres,” he said.
Experts say Tuesday’s announcement by the feds is another step in the right direction, as it shows the Trudeau government is looking at rental housing as a real solution.
“The fundamental problem in Victoria is there are too many people and not enough places, so more homes will help,” said Thomas Davidoff of the UBC Sauder School of Business.
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Times-Colonist (Comment)
August 20, 2017
Victoria is a city of renters (making up 59 per cent of households), and new rental housing is key to future affordability.
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Once-shunned tower projects back on table for rezoning
Times Colonist
January 13, 2005
A controversial proposal to build 16-storey and 12-storey apartment towers in James Bay has been revived despite overwhelming opposition from neighbouring residents.
Quadra Pacific Properties and Associated Building Credits have applied for rezoning applications to be considered by Victoria council this morning.
Associated wants to build 105 rental apartments in a 16-storey block and 16 townhouses at 350-360 Douglas St. Quadra Pacific is proposing a 113-unit tower at 415-435 Michigan St.
Both projects were rejected by all but three of 120 people attending a community meeting last May.
Ross Sinclair, who lives nearby at 624 Avalon St., is outraged that the proposals have resurfaced, especially because rezoning notices appeared during the Christmas holidays when they might have been overlooked.
"The community has already nixed this once," Sinclair said, adding that the projects do not conform to the James Bay neighbourhood plan.
Planning staff has recommended both proposals be rejected. However, consultant Mark Johnston, a former Esquimalt and Victoria city hall administrator, has argued rental apartments are badly needed.
Rental units have not been built in James Bay area since the 1970s.
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Times-Colonist
March 23, 1995
Victoria renters having trouble paying
With about 44 per cent of all renters experiencing "housing affordability problems" in 1991, Victoria ranked highest of 25 centres surveyed, Statistics Canada said.
That's no surprise for Victoria renters. "Victoria is the hardest place anywhere in Canada for tenants to find a place to live and they have the least chance of escaping tenancy," said Mike Walker of the Tenants Rights Coalition. "There is nowhere else in the country where things are so bad."
"For what we have in B.C., crisis isn't the right word any more."
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Vancouver Sun
29 May 1993
Trouble in the Garden: Behind Victoria's grand facade lies a crisis in affordable housing
...Victoria is the most difficult city in Canada for people to get out of renting and buy their own place.
Only 7.5 per cent of renters in Victoria can afford to buy a house or condominium of their own compared with 20.5 per cent in Vancouver, 27 per cent in Toronto and 35 per cent in Montreal.
She (Kaye Melliship, a planner with the Capital Region Housing Corp.) sees a number of barriers to affordable housing:
* Lack of municipal policies, plans and strategies.
* A dramatic cut in capital funds from senior government for non-market housing.
* High cost of land and absence of land servicing.
* No-growth policies in communities due to constraints in the capacity of infrastructure and community values.
* Lengthy development approval processes.
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Vancouver Sun
August 10, 1991
Victoria renters last on list to buy 1st home
Quick. Which Canadian city has the lowest percentage of renters who can afford a starter home?
The correct answer is Victoria, home of the newly-wed and the restfully retired.
Canada Mortgage and Housing Corp. statistics show just nine per cent of Victoria renters can afford to buy a starter house. Toronto has the next lowest figure, at 17.7 per cent, while just 17.9 per cent of Vancouver renters can afford to buy.
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Daily Colonist
February 15, 1980
Realtors feel condo pinch
Condominiums priced from $25,000 to $125,000 are selling fast in Greater Victoria.
...the condo market shows signs of shrugging off a slump it has been in the grips of since late 1975.
The shortage of stock is acute, particularly in single family dwellings, but condominiums are also feeling the pinch.
There is also a strong demand from outside Victoria for condominiums... some realtors reported more external inquiries than they had ever handled before.
One agent said many buyers were two to three years off retirement and were keen to rent out the condo until they came to Victoria to live.
The market shortage comes at a time when rental vacancies in Victoria are the lowest in Canada.
The concern in Victoria over the lack of rental accommodation is acute.
In 1976, when things were humming along merrily, Victoria approved permits for 909 condominiums and 863 rental units.
In 1979 only 166 condominiums were approved and a surprisingly low 23 rental units.
The problem remains. The shortage of rental accommodation is so acute in the city that apartments can be occupied at a far greater rate than they are being built.
Jorgensen blamed the drying up of various federal and provincial schemes which gave incentives for rental accommodation construction.
(aastra wonders: Did Jorgensen live to see this Trudeau Jr. scheme for funding affordable rental homes in the year 2021?
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Daily Colonist
October 15, 1967
...the prospects of the average working man owning his own home today are so remote as to be practically out of sight.
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Daily Colonist
April 13, 1956
$60,000,000 Worth of New Homes Answer to Grim Post-War Shortage
To the grim housing problem of the immediate post-war years, new houses worth $60,000,000, in Greater Victoria alone have provided an answer in the past decade. This figure does not take into account more millions spent on construction of new apartment blocks -- a much larger proportion of the population is living in apartments than before the war -- nor the money spent on building new homes in View Royal, Colwood, Langford, Central Saanich, and Sidney.
9,511 NEW HOMES
...were built between the beginning of 1946 and the end of 1955.
Edited by aastra, 03 April 2021 - 12:02 PM.