Tag Archives: CMHC

SRD Seeks Electoral Approval To Raise Up To $10 Million For A Housing Service

The Strathcona Regional District (SRD) wants to set up its own housing service. They hope to raise up to $10,000,000 for applicable projects and non-profits. This is to be administered through loans, which projects must pay back, but would initially be funded through property taxes. The cost to individual homeowners is small, up to $25 a year for a house assessed at $500,000 until the service pays for itself. The SRD will be seeking your approval through an Alternate Approval Process. If 10% of the electorate (i.e.- 3,456 people) notify the SRD that they are opposed to this new service before 12:00 noon on Tuesday, January 2, 2024, it will be considered defeated and the SRD will have to consider other ways of raising the money.

Continue reading SRD Seeks Electoral Approval To Raise Up To $10 Million For A Housing Service

Rachel Blaney on  the Housing Crisis, Homelessness and Campbell River’s treatment of the Art Gallery

When you get to Cortes, you can multiply all those economic stressors by three or four because we have  clients who have been suffering for years with precarious employment, precarious housing, and higher food costs than mainland food costs.” – Cortes Island Food Bank

It’s been a month since hundreds of Campbell River residents were shocked to learn that their city council appeared to be punishing the local art gallery for not confronting the homeless people camped outside its doors.  As city councilor Ron Kerr put it, “We certainly don’t need to give them tax deferrals if they’re not working with us.”

Local MP Rachel Blaney referred to the incident in the House of Commons when speaking about the housing and homelessness crisis:

“My region has seen the largest increase of unhoused people on record. There was a 106% jump in the Comox Valley and almost 70% percent in Campbell River. This is a catastrophe. The Prime Minister says housing is not a federal responsibility, as people and communities move beyond a crisis point. This while Conservative council members in Campbell River have begun targeting non-profits who provide essential services to the unhoused. When are the Liberals going to be an actual federal partner and build people homes? ” 

Continue reading Rachel Blaney on  the Housing Crisis, Homelessness and Campbell River’s treatment of the Art Gallery

Number of Tri-Cities properties cashing in on short-term rentals spikes 45% in year

Editor’s note: To what extent are we looking at a province wide trend? Is this spike happening in our area, or is it a more urban phenomenon?

By Patrick Penner, Tri-Cities Dispatch, Local Journalism Initiative Reporter

The number of landowners in the Tri-Cities using their properties for short-term rentals spiked 45 percent in one year. 

In August, sites like Airbnb and Vrbo posted 807 active listings for Coquitlam, Port Coquitlam, Port Moody, according to data provided by AirDNA, a market research provider.

That’s up from 446 total listings in August 2022. Despite the number of active listings being halved during the COVID-19 pandemic, overall rental growth still jumped 35 percent since 2018.

Continue reading Number of Tri-Cities properties cashing in on short-term rentals spikes 45% in year

SRD looking into establishing a Housing Service

The Strathcona Regional District (SRD) is looking into the possibility of setting up a housing service to access funding for affordable housing projects. 

In the staff report prepared for the June 14 Board meeting, it states that 45% of the renters in the SRD are paying more for housing than they can afford. Many homeowners are facing similar affordability problems.

“Both the Comox Valley Regional District and the Cowichan Valley Regional District currently access requisition taxes for a housing service fund, to be accessed by local non-profit housing providers and other partners to support housing projects.”

Staff is not suggesting the SRD increase taxes, the proposal is to set up a service which would allow it to access grant money. 

Continue reading SRD looking into establishing a Housing Service

Property Sales: Getting Rainbow Ridge ‘Shovel Ready’ for the next phase

Many of you have probably seen the real estate ads on the Tideline. Two significant parcels of land are being sold as part of a much larger vision.  Cortes Community Housing intends to have the Rainbow Ridge project ‘shovel ready’ for funding by 2023.

Continue reading Property Sales: Getting Rainbow Ridge ‘Shovel Ready’ for the next phase