Saanich approach to affordable housing making homes more costly, homebuilders association says
Kyle Slavin, Saanich News
Saanich’s affordable housing fund actually makes homes less affordable, claims the Canadian Home Builders’ Association.
“What’s happening is, rather than creating affordable units, (Saanich is) contributing to a lack of affordable housing in Greater Victoria,” Casey Edge, executive officer of the CHBA’s Victoria branch said. “Every time the cost of housing increases, consumers get knocked out of the market because they can no longer afford to buy.”