The province is touting the opening of a new rental complex in Victoria, which features nearly 100 new rental homes, many of which are geared towards “low to moderate income” earners.
B.C. Minister of Housing and government house leader Ravi Kahlon speaks during an announcement about the construction of new modular housing projects to house the homeless, in Vancouver, on Wednesday, Dec.14, 2022. THE CANADIAN PRESS/Darryl Dyck
Of the units, 24 are reserved for people with very low incomes at the provincial shelter rate, 22 are for people with low to moderate incomes with rent earmarked at 30 per cent of their income – and the remaining 51 units are for people with moderate incomes where units will rent for “below market rates” at $1,770 for a one-bedroom, $2,000 for a two-bedroom, and $2,380 for a three-bedroom unit.
The Capital Region Housing Corporation also provided the land, which was valued at $2.8 million, and $1 million equity, according to the province.
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