Posts Tagged: housing affordability

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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