This looks great! Would love to buy in that area. I'm curious how much the "affordable" units would be. I certainly would entertain buying pre-construction, alas, I have a feeling I wouldn't even be able to afford an "affordable" unit on lowly single government income. This town...

15% below appraisal, according to the staff report. Studios limited to low-income buyers, larger units open to low- and middle-income buyers. Must be a first time buyer, and no rental or vacation rentals permitted. Same program as at Vivid it sounds like?

In the meantime, if you haven’t already, start the process of pre-qualifying for a mortgage or understand what your mortgage possibilities are, if you haven’t done so already. Being ready to act can make the difference between qualifying for and getting a unit under these programs and scrambling to get your affairs in order to apply on time.

Thanks for this Mike, I am however, already an owner. I own an older "glorified apartment' condo that is basically in the cheapest building in a good area. Was affordable for me when I bought it about 15 years ago. Now, I'm not sure I'd be able to as my salary hasn't changed all that much since then!

Must be a first time buyer

Sigh. Oh well.

I'll have to continue to dream to be able to move to a newer, more energy efficient (with AC!), more soundproofed, place. Still, glad to not be paying rent to someone else!

15 years ago? You just might have sufficient equity.

Have you explored your options already to know where you stand? I apologize if you have, but I run across people on the regular believing they can’t qualify for something without actually checking in to see where they stand, that I make a habit of asking.

I read the letters Saanich councilors received about this development... if Victorians weren't such luddites I would've guessed they were randomly generated by an AI. Glad city hall got this one through at least.