46 replies to this topic

[TimM]

Tenants who think they should pay $600 a month forever?  I therefore demand my mortgage payment, heating, maintenance costs, property taxes, etc can't go up more than 2%/year.  Why not limits on food increases too.  Gasoline?  Tires?  Electronics?  Fair is fair

 

...and you wonder why these buildings have reached the end of their lives?  News flash with rents at $600 a month there is no money for maintenance let alone upgrades 

 

We need to do away with limiting rent increases, we live in a capitalist country.  Maybe these people can't afford to live in Victoria?

[Victoria Watcher]

^ I agree.

[HeatherKC]

As a resident of Treelane Estates, at 103 Gorge Rd East, I am very concerned about this development.  I recently bought my condo and appreciate the view I have.  This increase in height of the proposed development, to 7 stories will pretty much ruin my view of the Gorge and The Inner Harbour and will negatively  affect property values in this building.  

[Mike K.]

Yeah, that's unfortunate, regarding the view. Your realtor should have mentioned this project was proposed. Did they not tell you?

[Victoria Watcher]

As a resident of Treelane Estates, at 103 Gorge Rd East, I am very concerned about this development.  I recently bought my condo and appreciate the view I have.  This increase in height of the proposed development, to 7 stories will pretty much ruin my view of the Gorge and The Inner Harbour and will negatively  affect property values in this building.  

 

You mean "will lower housing costs".

 

That's what we want, no?

[Contractorguy]

this job should start next week

[Victoria Watcher]

Tenants of three low-rise Gorge Road East apartment buildings set to be redeveloped are appealing to the province to help preserve them as affordable rentals.

 

Two years ago, Victoria city council approved the first steps of a plan that would see the nearly identical 1970-era apartments at 129, 131, and 135 Gorge Rd. East — ­collectively known as the Gordreau apartments — replaced with four new residential buildings.

 

Belmont Properties, the company behind the project, which would replace 141 homes with 310 new units, has not indicated when work on the development would begin.

 

It’s supposed to be the second phase of a project that would bring nearly 500 residential homes into a quiet spur road off Gorge Road East.

 

 

[...]

 

 

In a statement to the Times Colonist, Housing Minister Ravi Kahlon said more than 13,000 homes operating on non-profit and co-op models are being created or are already operating through B.C.’s community housing fund since 2017, and more than 1,500 homes have been purchased and saved through the Rental Protection Fund.

 

The fund was established in 2023 with a $500-million contribution from the province to purchase existing rentals to save them from development.

 

While there are signs rents are starting to drop, Kahlon acknowledged more needs to be done. “[We will] continue to explore ways to protect renters and support landlords, so people can stay in the community they call home.”

 

Rental Protection Fund CEO Katie Maslechko said the three Gordreau apartments are currently not being considered for purchase, noting the fund has strict rules on what buildings can be bought and handed off to non-profit or co-op housing operators.

 

Belmont Properties has not indicated that it’s looking to sell the properties, either on the open market or to a non-profit operator through the Rental Protection Fund, she said.

 

 

 

https://www.timescol...opment-10123705