Tag Archives: CMHC

Housing

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

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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 →
Housing, Politics

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. 

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Development, Housing

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 →
Housing

Toronto’s Unhoused and The Unprepared (P 4): Alternative Housing

By Katia Galati and Talha Hashmani, CJRU 1280 AM, Toronto through an LJI grant from Canada-info.ca

Ontario’s housing market has seen skyrocketing rent prices, lowering the margins of those who can afford a place to stay.

The situation is most prominent in major metropolitans, like Toronto where rent has gone up by nearly two per cent, according to a report by the the Canadian Mortgage and Housing Corporation (CMHC) released on February 2022. But while such an increase has made it difficult for many low and middle-income Torontonians, the need for housing remains.

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Housing, Indigenous Nations

Elder housing breaks ground in a west coast First Nation

qathet Living, Local Journalism Initiative Reporter

After 30 years of effort and planning, Tla’amin Nation has secured an 8.8 million dollar Federal fund for the brand new independent Elder and disability housing project, ƛaχƛaχay ʔaye (Klah-Klah-Xay Ayeh).

Continue reading Elder housing breaks ground in a west coast First Nation →