Jesus… the above pictures from the OP might actually be comparable to some of what Freeland is trying to sell to the low & middle class…whatever middle class is??
Deputy Prime Minister Chrystia Freeland toured a new building on Monday offering micro-apartments starting at $1,600 per month that she said was illustrative of the homes that her government is getting built for “low and middle income Canadians.”
“This is an apartment building that has 227 apartments for low and middle income Canadians and it was built thanks to our Apartment Construction Loan Program,” said Freeland in a video shot at the site of Hudson House, a new 23-storey rental high-rise in Victoria, B.C.
In a
backgrounder, Freeland’s office cited the building as “a prime example of how the federal government is building more homes for everyone, including families, younger Canadians, and persons with disabilities.”
What the deputy prime minister did not mention is that Hudson House will be renting its 227 units at rates considered high even by the wildly inflated standards of Coastal B.C.
Two-bedroom units at Hudson House
start at about $3,300 per month. The lowest priced one-bedroom unit is advertised at $2,410 per month.
The absolute lowest priced Hudson House unit being advertised is their A2 Studio Apartment, a micro-unit of just 330 square feet — about the size of two parking spots. The A2
starts at $1,680 per month. Here’s an example of what a 330 square foot apartment looks like:
View attachment 21425
According to the polls, Prime Minister Justin Trudeau is headed for one of the most crushing electoral defeats in our 160-year history. And the primary reaso...
www.youtube.com
Freeland came to Hudson House because its builders benefited from a $100 million loan from the Apartment Construction Loan Program. Touted as one of the key planks of the Trudeau government’s pledge to build “more homes, faster,” the program offers low-cost loans to builders who meet certain benchmarks for energy efficiency and affordability.
Freeland referred to Hudson House as an affordable rental project because it does technically meet the affordability requirements for the Apartment Construction Loan Program.
To qualify as an “affordable” unit, Hudson House needs needs only to ensure that 20 per cent of its units have rents that are less than 30 per cent of the median total income for the area.
As of 2021, the median total income for Victoria-area families
is $111,390. So, any unit that costs less than a third of that — $33,417 per year — is considered “affordable” by the federal government, so that’s $2,784.75 monthly for an “affordable” apartment?
The deputy PM also quoted the novelist Margaret Laurence, saying that B.C. is like 'dying and going to heaven' for Prairie people
apple.news
“We are building more rental homes in Victoria — and all across the country — to unlock pathways to the middle class and build a brighter future for every Canadian, including the next generation,” Freeland said in an official statement accompanying her official Hudson House visit.
And, like all Trudeau government housing announcements these days, Hudson House represents an infinitesimal contribution to a housing shortage that is being utterly swamped by record-high immigration.
