3966 replies to this topic

[Mike K.]

I think they knew they were being duped. I wonder what was driving them.

[Matt R.]

^ wishful thinking and greed.

[LJ]

The argument being, in that scenario, that now 8 wealthy buyers can buy what previously one relatively wealthier buyer could.

I don't think 8 wealthy buyers will want to buy one of those units, they will go where they can buy a single family house.

[Victoria Watcher]

I don't think 8 wealthy buyers will want to buy one of those units, they will go where they can buy a single family house.

 

Wealthy buyers do not buy homes without parking stalls.

[Victoria Watcher]

Developer can do 6 units by right but applies to do 12, is allowed to to 8 x 700 sqft no parking, $1.8 million dollar homes.

 

I simply don't think there is a market for $1.8M homes with no parking.  Vancouver proper has 145 listings between $1.8 and $1.9M.  I only looked at the first 20, but they all had at least one parking stall, most had 2 or more.

Edited by Victoria Watcher, 29 July 2024 - 08:35 PM.

[dasmo]

I simply don't think there is a market for $1.8M homes with no parking. Vancouver proper has 145 listings between $1.8 and $1.9M. I only looked at the first 20, but they all had at least one parking stall, most had 2 or more.

I am exaggerating of course… but just wait.

[Mike K.]

Wealthy buyers do not buy homes without parking stalls.

Does that mean I win the FSD is a gimmick battle we’ve been having?

[Victoria Watcher]

Does that mean I win the FSD is a gimmick battle we’ve been having?

 

FSD is going to kick ass in SF, NYC, LA etc. first.  And might have an impact on lowering consumer demand for a second or third car.

[Mike K.]

Ok good. So we’re still going to have personal vehicles. I’m ok with your scenario, then.

[dasmo]

Wealthy buyers buy properties without parking as a form of currency in Vancouver. It’s a great way to launder money.

[lanforod]

Thats not really got anything to do with whether the place has parking or not.

[Victoria Watcher]

The Capital Regional District (CRD) is developing a program to help increase the supply of housing in rural communities.    

 

“Rural communities in the CRD struggle with a lack of housing options,” said the regional body in a news release. “Solutions are ... challenged by environmental limits, servicing constraints, higher building costs and a lack of funding for small-scale housing projects.” 

 

The program, which is subject to CRD board approval in 2025, could offer solutions to these rural-specific limitations.

 

 

 

 https://www.peninsul...hortage-7462023

 

 

 

 

 

Rural communities in the CRD struggle with a lack of housing options

 

- which suits most people just fine.  Nobody has even said "we need our rural areas to look more like downtown".

 

 

Rural - defintion:

 

In general, a rural area or a countryside is a geographic area that is located outside towns and cities. Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry are typically described as rural, as well as other areas lacking substantial development.

Edited by Victoria Watcher, 30 July 2024 - 07:41 AM.

[Nparker]

The CRD: finding solutions to problems no one has ever had.

[Mike K.]

The #1 limitation is water and sewer services. I don't know how many units you can safely accommodate through government housing without expanding the water supply and sewer system.

 

Last I heard is the CRD wants to truck bio solids to the Juan de Fuca corridor. Residents there fear any dumping will impact groundwater/drinking water.

[Victoria Watcher]

New housing targets:

 

https://news.gov.bc....HOUS0135-001218

 

[MarkoJ]

COV MMI multiplex (corner lot) civil budget....I don't think we will see much get built. 

 

Civil Works/Off Site Improvements
City Of Victoria Water Connection Fee $36,500.00
City Of Victoria S//D Connections $77,500.00
Soil Testing for City side connections $8,000.00
Curb/Gutter/Sidewalks $195,000.00
Retaining Walls for sidewalks $14,500.00
Storm Retention System/ Storm Pump $25,500.00
BC Hydro Underground Servic/PMT – pull conduit/service hydro/Tel $75,000.00
Road Cutting/Paving $52,500.00
Civil Pipe Materials/Labour/Betting Material/Machine Time – Bed Material included $225,000.00
Total Civil Works/Site Improvements $708,500.00

[Nparker]

Affordable living through more fees & taxation. 

[Mike K.]

What’s the unit count of this project, Marko?

[Sparky]

^ Probably 6?

[Victoria Watcher]

Calling all investors and developers! Here's an exceptional opportunity aligned with the ''Missing Middle Initiative'' in Greater Victoria. Unlock the potential to rezone and construct townhouses or explore the option to subdivide and build multiple 4-6 plexus. 

 

$1,600,000

 

https://www.realtor....ctoria-burnside

 

 

 

 

 

OPEN JULY 21st 1-3 pm. Attention Builders/Developers: Missing Middle Market development opportunity. This property recently was granted conditional rezoning/subdivision approval for small lot development. Centrally located and only steps away from a major transit route, this corner property features a 2-story character home with an adjacent 2530 s.f. lot and plans for a 2000 s.f., 4 bedroom, 4 bath home. Steps from the Jubilee Hospital, Save-on Foods, Oak Bay Rec, and Oak Bay Village, this property is ideal for a builder/developer looking for a solid investment in a prime location with an excellent school catchment. Live in the existing home while you build next door, or rezone the parcels for higher density (5-6 units). The charming 2-bedroom home features a sun-drenched living room, wood flooring, a formal dining room, a bright & spacious kitchen, and one full bath. The lower level is unfinished & provides ample space for storage or further development. Don’t miss out on this must-see property!

 

$1,399,000

 

https://www.realtor....ictoria-jubilee

 

 

 

 

 

 

 

931 McClure Street is just southeast of Victoria’s downtown core. Numerous amenities offered by the downtown core and Cook Street Village are within walking distance. The subject property is zoned R-103, offering varying density, but permits multiple dwelling developments with a maximum FSR of 1.38 and heights up to four (4) storeys. In-place zoning allows prospective purchasers to propose their missing middle project. Designated ''Urban Residential'' in the City of Victoria OCP and the Fairfield Neighbourhood Plan, which contemplates low and midrise apartments from three (3) to six (6) storeys and an FSR of up to 2.5.

 

$1,775,000

 

https://www.realtor....-fairfield-west