Projections for future demand suggests continued affordability issues, with significant need for lower income residents
The Capital Regional District has approved an updated Regional Housing Affordability Strategy.
CRD Board Chair Steve Price says housing remains a serious concern across the region and the CRD has an important role to play.
The strategy has 5 main goals: Building the right supply of housing across the spectrum; A shared regional response to existing and emerging demand; Protecting and maintaining existing rental stock; Developing a coordinated housing and homelessness response regionally; and fostering community understanding and support for affordable housing developments.
Projections for future demand suggests continued issues with affordability, and significant needs of very low, low and low-to-moderate income households.
The renewed strategy is the result of review and consultation with stakeholders.