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UNDER CONSTRUCTION
Hudson Place Two
Uses: rental, commercial
Address: 1700 Blanshard Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 23
Hudson Place Two is a proposal for a 23-storey rental tower along the 1700-block of Blanshard Street in downto... (view full profile)
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[Downtown] Hudson Place Two | Rentals; retail | 23-storeys | Under construction


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#161 Sparky

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Posted 03 April 2021 - 07:37 PM

Victoria is the Santa Barbara of Canada.

#162 UDeMan

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Posted 04 April 2021 - 09:07 AM

they should be building more affordable housing/rentals out in Sooke and over the Malahat.

 

Young families have to move to these places to afford a house.  



#163 Mike K.

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Posted 04 April 2021 - 09:57 AM

Have you seen the cost of housing in Sooke? Or Cowichan?

It’s more affordable to buy a house in View Royal, especially factoring in transportation costs and the general cost of living.

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#164 spanky123

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Posted 05 April 2021 - 02:29 PM

Housing will always be a problem everywhere at any given point. It's the biggest expense for most people and it's inescapable that a significant share of the population will struggle with rent and mortgages no matter the year. Homelessness isn't a 2020 invention, so to speak.

 

Which is not to say the problem's magnitude will remain exactly the same throughout time. Historically low interest rates, high migration rates, flood of foreign money and a major boom in tourism and international education makes for a fundamentally different housing market landscape. 

 

And lets not forget that speculation is rampant in many markets as well. Many people believe that the Feds will not be able to raise rates because they have taken on too much debt, so the free money gravy train is going to last for a while yet.



#165 Mike K.

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Posted 05 April 2021 - 04:11 PM

The only speculation I’m seeing is BC Housing buying $3.4M properties for triple the price.
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#166 LJ

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Posted 05 April 2021 - 07:30 PM

The feds are mulling a federal speculation tax.


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#167 spanky123

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Posted 06 April 2021 - 07:40 AM

The feds are mulling a federal speculation tax.

 

The provincial tax only impacts vacant homes. 



#168 aastra

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Posted 06 April 2021 - 08:29 AM

Coming soon: a speculation tax on people who don't speculate, and a vacancy tax on homes that aren't vacant.


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#169 spanky123

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Posted 06 April 2021 - 09:01 AM

Coming soon: a speculation tax on people who don't speculate, and a vacancy tax on homes that aren't vacant.

 

It is called a wealth tax and a tax on capital gains on your primary residence. Don't worry though, the wealth tax will only be on assets > $20M and capital gains on more than $500K.  Then each year those numbers will drop.


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#170 aastra

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Posted 06 April 2021 - 09:15 AM

Coming soon: a wealth tax on people who aren't wealthy and a capital gains tax on people who didn't have any capital gains.


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#171 spanky123

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Posted 06 April 2021 - 09:59 AM

Coming soon: a wealth tax on people who aren't wealthy and a capital gains tax on people who didn't have any capital gains.

 

That will be the 2%-3% GST/HST increase that is coming.


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#172 Matt R.

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Posted 06 April 2021 - 10:10 AM

Anyone seen a projection for what the new PST will generate?

I was going to calculate how much the carbon tax will cost me but I’m scared to look. :)

Matt.

#173 LJ

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Posted 06 April 2021 - 07:45 PM

The provincial tax only impacts vacant homes. 

The federal one won't, it will go after home flippers, foreigners not living in the homes, etc,


Life's a journey......so roll down the window and enjoy the breeze.

#174 MarkoJ

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Posted 06 April 2021 - 08:55 PM

The only speculation I’m seeing is BC Housing buying $3.4M properties for triple the price.

 

Common Mike, $9.2 million is not quite triple.


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#175 dkuitu

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Posted 26 April 2021 - 07:26 PM

3DF19EEE-EA3A-415D-B44A-DAA8DE975319.jpeg

This project should really be pinned to major, Hudson One has been complete for about a year now.
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#176 Brantastic

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Posted 26 April 2021 - 08:22 PM

Seems like those are reserved for condo projects.



#177 yellow_baron

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Posted 06 May 2021 - 09:12 AM

It's coming along: 

 

https://www.facebook...?type=3


Edited by yellow_baron, 06 May 2021 - 09:12 AM.


#178 Kapten Kapsell

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Posted 25 May 2021 - 06:46 PM

They are working on the fourth floor now so this is going to be a fast erection:
97B9D41F-6B6B-4A1D-AFC0-CE7CC4AB5E01.jpeg

#179 Mike K.

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Posted 25 May 2021 - 06:47 PM

Looking good!


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#180 Nparker

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Posted 25 May 2021 - 07:28 PM

They are working on the fourth floor now so this is going to be a fast erection

I guess they are using the Viagra construction method.


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