With no provincial funding, builder says he may need to rent out most of building at market rates (Fraser Valley Current)
The 92 brand new apartments in Mission’s tallest building were never
intended to be rented out for top dollar. They were designed to be
affordable homes for seniors, families, and singles struggling to make
ends meet in an increasingly challenging housing market.
But with construction on the new tower expected to wrap up in just a couple months, a recent decision from BC Housing to deny a funding application may leave many of the apartments either sitting empty or being rented for whatever the market will bear . . . .
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But with construction on the new tower expected to wrap up in just a couple months, a recent decision from BC Housing to deny a funding application may leave many of the apartments either sitting empty or being rented for whatever the market will bear . . . .
CLICK HERE for the full story
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