Can’t get this story out of my head. The delays aren’t unusual, the cost comes out at $100k per unit or ~$400/month rent for those non-market homes. Same issues come up for market housing, developers could keep building at lower rents if munis did not impose those delays and uncertainty.
Another window into why even non-profit housing is so expensive. Saanich delays led to an extra $9milliom (!!) in costs. No one in Saanich is held accountable so they keep dragging their feet and increasing costs. bcbusiness.ca/real-estate/...