this post was submitted on 24 Aug 2023
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A remote Canadian island makes history in fight for affordable housing (www.nationalobserver.com)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
18 comments fedilink hide all child comments
 

B.C.โ€™s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have the funds directed to affordable housing projects, said Mark Vonesch, the areaโ€™s Strathcona Regional District director.

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[โ€“] mwalimu@baraza.africa 31 points 1 year ago (1 children)

The median cost of a house on Cortes was $800,000 in 2022. Yet households with a median income would only be able to afford a home worth $207,000, a housing needs report last year showed.

Housing is unnecessarily expensive, regardless of efforts to create affordable ones.

[โ€“] MisterD@lemmy.ca 15 points 1 year ago (1 children)

but it's a great investment vehicle! /s

[โ€“] cyberpunk007@lemmy.ca 7 points 1 year ago (1 children)

We should start investing in water and air next!

[โ€“] snoons@lemmy.ca 7 points 1 year ago

Nestle when: