New affordable housing in Saanich looks anything but in the light of a new study that defines the upper limit for an affordable home in Saanich as $605,000 for larger homes and $428,000 for those with fewer than two bedrooms.
On Monday night, council endorsed that definition which will be used as a tool to develop the district’s policies to tackle the problem of lack of affordability.
“I can’t help but think we need to just commit ourselves to doing everything we can to make sure that when we have opportunities for affordability projects, we pursue them. Quite frankly, this report, it’s depressing.”While the report was endorsed and the definition accepted, council noted it will take other levels of government to solve the problem.
The study was undertaken because increased pressure on the housing market has meant the municipality has had to take on a larger role in delivering housing, and it can’t deliver affordable housing if it doesn’t know what affordable means.
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