A partnership between the developers of the new Trailside at the Lake development in Langford and the City of Langford hope to make homeownership more attainable through the city’s new attainable housing program.
“The intention was to create homeownership opportunities for middle-income families at an affordable price point,” said Leah Stohmann, deputy director of planning and subdivisions with the city.
One-bedroom units will sell for $399,000, including GST. Hartshorne estimates that elsewhere around Langford, a one-bedroom unit sells for around $550,000, not including GST.“My guess would be $560,000 to $590,000 for a two-bed, two-bath condo,” said Hartshorne. “We have too many renter households spending more than 30 and, in fact, more than 50 per cent of their pre-tax income towards their housing costs,” said Jill Atkey, the CEO of the B.C. Non Profit Housing Association on Tuesday.
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