'Depressing' report defines housing affordability in Saanich: $428,000, $605,000
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New affordable housing in Saanich looks anything but in the light of a new study that defines the upper limit for an affordable home in Saanich as $605,000 for larger homes and $428,000 for those with fewer than two bedrooms.
On Monday night, council endorsed that definition which will be used as a tool to develop the district’s policies to tackle the problem of lack of affordability.
The study, prepared by the district’s housing division and consultants Urban Matter, may have defined affordability for owners and renters, but it also highlighted the problem the district faces.
Full article: https://www.timescolonist.com/local-news/depressing-report-defines-housing-affordability-in-saanich-428000-605000-7011662