New Affordable Rental Homes on Vancouver Island

The British Columbia government is partnering with local non-profit housing providers to deliver 867 new affordable rental homes on Vancouver Island. The projects will cater to a diverse range of residents, including seniors, families, and individuals with disabilities.

• The new homes are part of the Building BC: Community Housing Fund, a $3.3-billion investment to build over 20,000 affordable rental units by 2031-32.
• 70% of the units will have rent geared to income, with 20% reserved for those with very low incomes, such as those receiving assistance.
• The remaining 30% of units will be available at or below market rates for moderate-income households.

• Central Saanich, 1183 Verdier Ave.: 110 homes for families and seniors, in partnership with Capital Region Housing Corporation
• Nanaimo, 1125 Seafield Cres.: 62 homes for seniors, in partnership with Woodgrove Senior Citizens Housing Society
• Port Alberni, 2866 4th Ave.: 40 homes for families and seniors, in partnership with M'akola Housing Society
• Saanich, 3781 Cedar Hill Rd.: 95 homes for intergenerational housing, in partnership with Luther Court Society
• Saanich, 3950 Cedar Hill Rd.: 200 homes for families and seniors, in partnership with Capital Region Housing Corporation
• Victoria, 11 Chown Pl.: 77 homes for families and seniors, in partnership with the Gorge View Society
• Greater Victoria (address to be announced): 186 homes for families and seniors, in partnership with Capital Region Housing Corporation
• Greater Victoria (address to be announced): 97 homes for families and seniors, in partnership with Capital Region Housing Corporation

The Province is working to deliver affordable housing and prepare for future funding calls, with the next expected in late 2024 or early 2025.