This is a common question and one that is becoming increasing important to understand  why there is such a shortage of affordable housing options. The answer is that it costs more than $130,000 to build a one-bedroom apartment unit or almost $225 per square foot (approximate costs to build a wood-frame, multi-family housing development with below ground parking). But that doesn’t include the price of the land or the cost to provide additional supports to residents. Continue reading →

Carrying on with our features on Priority Housing Project List (PHPL) developments, today we’re excited to share Cottage Grove. Continue reading →

The Provincial budget was introduced on February 18 and it had some interesting developments with regards to housing and homelessness.

From the perspective of the Coalition the most exciting piece comes in the increases to the budget of BC Housing. Its total budget will increase from $613 million this year to $660 million next year. It is also interesting to note where that increase in expenditures will be felt. Housing subsidy expenditures for example will increase by close to $20 million. Continue reading →