Housing Affordability in Oak Bay

Oak Bay Election 2018 CAIRINE’S COMMITMENTS Issue #4 Increases in housing prices and decreases in affordability have posed tough housing challenges here and across the region in recent years.  With Oak Bay’s land values at an all time high, housing demolitions of older, smaller character homes more commonplace, a real estate market driving an average home price in Oak Bay of $1million, and an average rent of $1,400 per month for a one-bedroom apartment, it’s no wonder that the issue…

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