Have we, though?

Yes, there was governmrnt involvement in the financing.

As someone old enough to remember a time when being the wrong race or religion meant one couldn't buy one's choice of property no matter how much cash you might have, I am pleased that money is now the only real requirement. Its a lot easier to raise more cash than to change who you are. With it, it matters not race, religion, social class, sexual orientation, income range and stability, and so forth. So much more democratic. Besides, I can console myself that compared to some cities, $1000/sq. ft isn't that bad. Okay, maybe a bit high for something not on the water.

For a city as small as Victoria, $1,000/sqft is pretty bonkers even if this development is not meant for plebs. But that's the way she goes under current housing conditions.

Why should we expect brand new concrete condos, in the heart of our rapidly revitalizing downtown, in what will be one of the city's tallest buildings, to be "affordable"?

Affordable stuff will be wood frame low-rise stock out of the city centre.

Full size photos: https://victoria.citified.ca/condos/the-yates-on-yates/

Click here to view attachment.