Housing stock review for City of Victoria finds few gains in rentals

Focus on helping people buy houses in Victoria, councillor says

Victoria has a reputation in the Capital Region for creating policies that encourage rental housing.

But some members of city council wonder whether the emphasis shouldn’t be placed on affordable home ownership.

“For me, if you want housing variety, then Victoria should be striving for more owned units rather than rented units,” Coun. Geoff Young said Thursday. “We should be encouraging rental units elsewhere.”

Coun. Shellie Gudgeon saw merit in the idea.

“The more owners (or) owned properties, the stronger the neighbourhoods,” she said. “For the health of our cities, we have to do two things: encourage affordable rentals, but also try to encourage affordable purchasing.”

Sixty per cent of residents in Victoria rent. Still, the city’s rental vacancy rate was still among Canada’s lowest, at 1.8 per cent in 2011.

According to the latest inventory of the city’s housing stock, rental units are increasingly being found within condo buildings. Between 2010 and 2011, condo owners put 112 new units up for rent. Meanwhile, only 28 purpose-built rental units opened up.

rholmen@vicnews.com

Just Posted

Victoria hotel trashes Channing Tatum in favour of B.C.’s Ryan Reynolds

Tatum’s picture left in recycling bin, replaced with photo of Ryan Reynolds

Unhealthy disagreement sees three First Nations chiefs take government to court

Claim and counter-claim: B.C.’s First Nations health department and administrator end up in court.

One arrested, weapons, and drugs seized in Sooke bust

During the Feb. 6 raid, police found firearms, ammunition, drugs, and brass knuckles

Saanich intersections rank as Island’s three worst

Intersection of Admirals Road, McKenzie Avenue, and the Trans-Canada Highway had the most crashes

New tutorial ‘Whales in our Waters’ launched by BC Ferries

A new tutorial has been launched for mariners and the general public about whales in the Salish Sea

‘Our entire municipality is heartbroken’: Seven children die in Halifax house fire

A man and woman remained in hospital Tuesday afternoon, the man with life-threatening injuries

Island fossil makes it to the top of the provincial list

Courtenay’s elasmosaur will be added to the official Provincial Symbols of British Columbia

B.C. high school robotics team ranked first in the world for programming

The Surrey team was also named tournament finalists at VEX Robotics Competition on Feb. 1

Man shot dead in front of Kamloops hotel may be case of mistaken identity: RCMP

Rex Gill, 44, was not previously known to Kamloops police unlike second shooting victim

Vancouver Island boys high school basketball bragging rights on the line

Oak Bay, Nanaimo, Ladysmith and Victoria host Island championships this weekend

New trial ordered over banning whales, dolphins at Vancouver aquarium

Park board’s appeal reverses previous decision that found it had no right to implement a ban

Payless to close 248 Canadian stores, saying it’s ‘ill-equipped’ for market

The company will begin closing stores at the end of March

Make sure measles shots up to date, Public Health Agency says

Measles causes high fever, coughing, sneezing and a widespread painful rash

Super snow moon set to rise across B.C.

It is the biggest and brightest moon of the year

Most Read