Category Archives: Housing

Business, Housing

Saving Money and retaining quality through Creative Deconstruction

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At a time of rising lumber costs and diminishing quality, a little Cortes Island business has been demonstrating how the materials from existing houses can be reused in a variety of ways. 

“We call our business Creative Deconstruction. We take apart buildings by hand and sell the building materials that are still in good condition to people who are building. We also try to process whatever can’t be reused in ways that are also healthy,” explained Max Thaysen.

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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.

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Housing

A remote Canadian island makes history in fight for affordable housing

Canada’s National Observer, Local Journalism Initiative Reporter

A remote Canadian island is breaking ground on a new way to buffer the negative effects short-term vacation rentals have on the housing crisis facing small, rural tourism-based communities. 

B.C.’s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have all the funds directed to affordable housing projects, said Mark Vonesch, the area’s Strathcona Regional District director. 

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Housing

Affordable units cut from 6-storey Port Moody development that would relocate heritage building

Editor’s note: A disturbing story highlighting a problem that needs to be watched.

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

Affordable housing has been cut from a development proposal seeking to build a pair of six-storey mixed-use buildings in Port Moody’s historic downtown area.

Fourteen units out of 184 total were initially proposed as below-market rentals for the 10-lot development on the 2400-block of Clarke Street.

During early input in January, Port Moody city staff recommended five more affordable units be included, as the application had less than half the 15 percent requirement for density bonusing.

But the developer, Placemaker Communities, now says inflationary impacts on construction costs and rising interest rates related to project financing have made any below-market units financially unfeasible.

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Housing, Indigenous Nations

Squamish Nation to use BC residential tenancy protections for own housing developments

By Mina Kerr-Lazenby, North Shore News, Local Journalism Initiative Reporter

The Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) has announced it will adopt the same protections used for rental homes throughout the province for Sen̓áḵw, its high-density project at Kits point, and all future on-reserve housing developments.

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