More rental buildings needed

The quickest, cheapest way of getting a garden suite into the rental market is by using an old travel trailer

Re: the recent articles about Saanich council looking at allowing detached suites.

In 2012 the GVRD published their landmark risk analysis about the rental situation which clearly pointed out that the chronic rental shortages are due to the Strata Title Act of 1966 allowing developers to make far greater profits from building condos than from building rental apartments.

The fact is that since 1980 there has been a net loss of rental buildings because new ones are rarely being built and existing ones are being converted to condos.  That analysis informed all local politicians and town planners not only of the primary cause of the problem but also that the primary solution is to stall the approval of new strata titles until more rental buildings are built and existing ones upgraded.  That infill suites are at best a temporary band-aid until more rental buildings are built.

From his quotes, Coun. Fred Haynes seems to be pushing for garden suites because as separate buildings they can be erected quickly and cheaply.  One quote was that they can be built and ready to rent out for as little as $25,000.    That estimate is very, very high.

The quickest, cheapest way of getting a garden suite into the rental market is to buy an old travel trailer that is no longer road worthy, put it on blocks in the back garden, have an electrician run power to its box, and a plumber connect the water and sewer, and for less than $2,500 you have something ready to rent out.  This will provide CSA approved, professionally built housing almost immediately.  You could probably rent it out over AIRBnB.com to Alberta snowbirds for $500 a week or $1,000 a month.  Since the larger trailers sleep six, you could rent it out for even more to foreign students.

Before they go any further with this band-aid solution, perhaps Saanich council should try locking up their “strata rubber stamp” and convince developers to build rental buildings instead of condos.

Stephen Bowker

Victoria

 

Just Posted

Greater Victoria residents among the most credit-worthy Canadians

Yet debt levels continue to rise as Canadians owe $178 for every $100 earned

BC business offers ‘clean start’ for people with employment barriers

CleanStart BC is looks to expand its Victoria staff

New roadside testing device can’t identify drug impairment says Vancouver lawyer

Lawyer says similar devices vulnerable to court challenge, testing for drugs different to alcohol

Kelowna toddler suffers cracked skull after fall from balcony

Neighbour who found the two-year-old boy said he has a bump the size of a golf ball on his head

POLL: Were you satisfied with the Game of Thrones series finale?

Millions gathered in front of their televisions Sunday night to watch the… Continue reading

Greater Victoria wanted list for the week of May 21

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

RCMP probe if teen was intentionally hit with ski pole by mystery skier on B.C. mountain

The incident happened on March 20 on Grouse Mountain. Police are urging witnesses to come forward

Support growing for orphaned Okanagan child after father dies in highway crash

Family thanks emergency crews for assistance in traumatic incident

Baby boom seniors putting pressure on B.C. long-term care: report

B.C. leads Canada in growth of dementia, dependence on care

Pipeline protester chimes in on Justin Trudeau’s B.C. fundraising speech

The government purchased the Trans Mountain pipeline and expansion project for $4.5 billion

UPDATED: B.C. man says he’ll take People’s Party lawsuit as far as he can

Federal judge shut down Satinder Dhillon’s ‘nonsensical’ motion to bar use of PPC name in byelection

Canada stripping citizenship from Chinese man over alleged marriage fraud

The move comes amid severely strained relations between Ottawa and Beijing

Most Read