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Housing Affordability Undermined by DCC’s

The District of Central Saanich is proposing a 131% increase for single family lots since their last review in 2011 – from $4,040.51 to $9,350.42.

The multi- family increase is 157% from $2,270.20 to $5,834.60 per unit.

You can view the report here – http://www.centralsaanich.ca/Assets/2016+DCC+Update+Staff+Report.pdf

The inflation rate since 2011 has been about 1.5% annually, which should be an increase of $307.07.

Interestingly, Central Saanich is one of few municipalities with reduced housing starts in the most robust market in years – from 37 starts in 2015 to 32 this year.

They are planning an Open House on Sept 7 from 6 pm to 8 pm and the location is Central Saanich Fire Station No 1 at 1512 Keating Cross Rd.

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