B.C.’s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have the funds directed to affordable housing projects, said Mark Vonesch, the area’s Strathcona Regional District director.

B.C.’s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have the funds directed to affordable housing projects, said Mark Vonesch, the area’s Strathcona Regional District director.

  • Mwalimu@baraza.africa
    31·
    11 months ago

    The median cost of a house on Cortes was $800,000 in 2022. Yet households with a median income would only be able to afford a home worth $207,000, a housing needs report last year showed.

    Housing is unnecessarily expensive, regardless of efforts to create affordable ones.

    • MisterD
      15·
      11 months ago

      but it’s a great investment vehicle! /s