Fast tracking Housing in BC

[countmeout]

Let's not forget, some that are demanding affordable housing have expectations far exceeding their reach. Caviar tastes on a Mr noodle budget...

There needs to be housing for all income levels that are nice, clean, and safe.

Where has anyone said this? What we need is accessible housing options for all income levels in our community, not just rich people. It doesn't need to be fancy, it does need to be safe, and affordable.

"affordable" to many on here means no more than ~30% of your salary after tax for minimum wage workers. This works out to (all expenses including strata+heat) a one-bedroom being $800 a month a two-bedroom being $1,400 and a three-bedroom being $2,000.

The average cost per sqft is around $200-$300... So a one-bedroom 900 sqft condo costs ~$200,000 to build + land. Then there is profit tagged onto that, add in $50,000 for land + a 15% margin and you’re at $300,000 per unit + tax/relator/lawyer.

A mortgage on the $300,000 property with 20% down is $1,477 a month before property taxes, heat, strata.

So to make this into a rental that is affordable, the landlord can only charge what the interest is worth on the mortgage.

So the claim is “well the house costs to much”

Well, I challenge you to be a home developer and do it cheaper.

...just more ideological cry-babies. I guess we just tax and steal from the rich til prices come down? How else do you fix it? Are builders supposed to build for free? Who is going to build not just not-for-profit but subsidized housing? How is that even sustainable?!

[seewood]

Well, I challenge you to be a home developer and do it cheaper.

^^^ Can't get any simpler than that demonstration of building costs vs expenses.

Detached house in Squamish is around $450 a square foot, really no idea on condo construction costs other than there is more engineering.

[soupy]

bc housing is a joke at best https://www.castanet.net/news/BC/425656 ... former-CEO

Yep. Cant say I am surprised at all with this report.
Really wish details and specifics were published.

[BC Landlord]

Detached house in Squamish is around $450 a square foot, ...

Just about right, pretty much everywhere. Then, some call landlords "greedy" for asking market rent.

[liisgo]

bc housing is a joke at best https://www.castanet.net/news/BC/425656 ... former-CEO

Yep. Cant say I am surprised at all with this report.
Really wish details and specifics were published.

Some ones got to say it, this is up. How do these people get into these positions in the first place. And then so easily go astray all while supposedly under the watchful eye of government. Really, 10 of millions of dollars mis handled. $55000 per little hotel room a yr charged to tax payers to house 1 single individual in an absolute dive of accommodation.
Is anything we require the government to do being handled with integrity, professionalism, accountability?

[GordonH]

Yep. Cant say I am surprised at all with this report.
Really wish details and specifics were published.

Some ones got to say it, this is up. How do these people get into these positions in the first place. And then so easily go astray all while supposedly under the watchful eye of government. Really, 10 of millions of dollars mis handled. $55000 per little hotel room a yr charged to tax payers to house 1 single individual in an absolute dive of accommodation.
Is anything we require the government to do being handled with integrity, professionalism, accountability?

Simplest response is Political favours being paid back.

[seewood]

How do these people get into these positions in the first place. And then so easily go astray all while supposedly under the watchful eye of government. Really, 10 of millions of dollars mis handled. $55000 per little hotel room a yr charged to tax payers to house 1 single individual in an absolute dive of accommodation.
Is anything we require the government to do being handled with integrity, professionalism, accountability?

Yep, typical of the government, or pretty much any government actually.

Sooo, some apparently wish to see private landlords charge less, arguably act like a charity and charge less than market rates ( some do actually) and try and run a business with negative cash flow?
Is the solution to have government have all or most of the rental market under their purview? Heavily subsidized of course.
Or is a solution one that might have the financially squeezed move to a lower cost jurisdiction?
Or how about obtaining work with a higher remuneration to afford the rent?

I believe there are options but one that is not an option is to have private capital purchase land, build rental accomodation and expect to have the rental rates less than required to cover the expenses and offer a fair rate of return.

[Gone_Fishin]

bc housing is a joke at best https://www.castanet.net/news/BC/425656 ... former-CEO

And to add insult to taxpayers' injury, Ramsey is now working for a first nation that Trudeau just gave $1.4 billion to for housing projects. What the eff!

Shayne Ramsay has joined the economic development arm of the Squamish First Nation in a role that focuses on the nation’s growing real estate portfolio.

He is now the executive vice president of real estate and development for the Nch’ḵay̓ Development Corporation, which is the Squamish First Nation’s entity for carrying out the major Senakw rental housing development on the reserve at the south end of Burrard Bridge.

snip

The groundbreaking ceremony for Senakw was held earlier this month, with Prime Minister Justin Trudeau presiding and offering $1.4 billion in federal construction financing for the project’s first two phases — about 3,000 rental homes.

https://dailyhive.com/vancouver/shayne- ... ion-senakw

[TylerM4]

This is a step in the right direction: https://www.castanet.net/news/Kelowna/4 ... ces#425736

I hope other communities follow suit.

When we built our garage we could have really benefitted from this as it took months of fighting to get a permit approved. The issue was that there was a bylaw requirement that didn't make sense for the circumstance. It was easy to tell the intent of the bylaw and that what we were doing wasn't against the intent. They wanted us to do a whole bunch of "extra stuff" that would have been very expensive. For example: One of the extra things they wanted was professional surveying done that showed the sight lines for the neighbors so they could understand how much the neighbors views would be impacted. BUT, we were on a large steep lot - their own maps of the area clearly showed that the lowest point on the neighbors property was twice as high as the garage to be built. It was easy to tell that there was no possible way that neighbor views would have been impacted by the garage.... but the book/bylaw said it had to be done. Giving staff some power to say "That requirement doesn't make sense for this permit so I'm going to wave the requirement" would have made the process so much quicker and easier.

[Gone_Fishin]

*removed*

[puterbrother]

So they want inexpensive but practical housing ? Circumvent the ridiculous and overly expensive bureaucratic nightmare that is "rules and regulations". What's next ? Need a permit to rearrange your furniture ? OH WAIT....This is B.C....? Oh yeah "EbeyVille" where if you don't declare what you are doing with your own private property he will fine you 2% of the value of your residence ! Next step,as per WEF,make an offer to buy that you CAN"T refuse,then rent it back to you at their terms.

[BC Landlord]

Some ones got to say it, this is up. How do these people get into these positions in the first place. And then so easily go astray all while supposedly under the watchful eye of government. Really, 10 of millions of dollars mis handled. $55000 per little hotel room a yr charged to tax payers to house 1 single individual in an absolute dive of accommodation.
Is anything we require the government to do being handled with integrity, professionalism, accountability?

That's what happens when governments try to run and/or manage business. Hopeless!

[Gone_Fishin]

Go figure.

BC politics was rocked by a new scandal after an explosive new Ernst and Young report exposed serious financial mismanagement and shocking conflict of interest concerns at BC Housing.

And who was in charge at BC Housing when the most scandalous acts took place?

It was NDP Premier and former Housing Minister David Eby.

The report alleges that the former BC Housing CEO breached conflict of interest regulations by allocating nearly 100 million taxpayer dollars to Atira, the province's largest housing operation, managed by his spouse.

Ernst & Young investigators discovered fudged meeting minutes, deleted text messages, missing documents, and millions in improper spending – much of it under David Eby’s watch!

But here’s the real scandal…

David Eby knew about problems with BC Housing and Atira long before the report – and he actively tried to cover it up.
After an initial Ernst & Young report found problems with BC Housing, Eby downplayed the revelations and sneakily released the findings over the Canada Day long weekend.

He also fired BC Housing’s NDP-appointed Board of Directors without explanation.

Then, when he received a BDO report as Housing Minister that outlined severe financial and organizational mismanagement at Atira, he buried it.

The evidence proves that at every turn, David Eby downplayed, buried, or covered up concerns about BC Housing and Atira.
I guess he just couldn’t let a big scandal get in the way of his leadership ambitions…

Still, given the circumstances, you may assume that David Eby and his NDP colleagues would think twice about pumping millions of your tax dollars into Atira.

But you’d be sadly mistaken…

Under the NDP, funding to Atira has TRIPLED, going from $17 million in 2016 to $74 million in 2022. More than a 335% increase!
Meanwhile, housing and homelessness have never been worse in British Columbia!

[polelady]

Opps I got caught with my hand in the cookie jar...lol
Unreal ... how things go when brought out in the media...

https://www.castanet.net/news/BC/426477 ... iew#426477

But Hell it was only 2M....hahaha

[the truth]

Opps I got caught with my hand in the cookie jar...lol
Unreal ... how things go when brought out in the media...

https://www.castanet.net/news/BC/426477 ... iew#426477

But Hell it was only 2M....hahaha

seems to me, someone should be going to jail over this theft