A new housing development has opened in Parksville.
It provides 87 new affordable homes for families, seniors, veterans, and people who live with disabilities. According to the province, a combined total of $30 million was invested to fund the new homes for those who have low or moderate incomes.
Adam Walker, MLA for Parksville-Qualicum says these homes are the first rental homes to be built in Parksville in several years.
“Thanks to the combined efforts of government and community partners, they will provide affordable options for a community with a historically low vacancy rate,” says Walker.
“This is indeed a welcome addition to the community, and we look forward to more developments like it in the future.”
The new building on Moilliet St has eight three-bedroom townhomes and 79 apartments, with a mix of one-bedroom and two-bedroom units.
While sixty units have rent geared to income, the other 27 units will be at market rates, with $1,360 for a one-bedroom unit, $1,487 for a one-bedroom plus den unit, $1,742 for a two-bedroom, and $2,242 for a three-bedroom unit.’