New rental housing project in Courtenay to help mid-income earners

  • Feb. 3, 2020 3:30 p.m.

Construction is expected to start next month on Residences at The Boulevard, which will provide 56 rental homes for people at 621 Crown Isle Blvd. in Courtenay, thanks to a partnership between the provincial government and WestUrban Developments.

The project is being built through BC Housing’s HousingHub, which was created by the Province in 2018. The HousingHub works with community, government, and non-profit and private-sector partners to help create new affordable rental housing and homeownership options for middle-income British Columbians.

The homes will be in a wood-frame, four-storey building, located in the Crown Isle neighbourhood of the city.

“Like many other B.C. communities, housing affordability and availability are serious concerns for Comox Valley residents,” said Courtenay Mayor Bob Wells. “This partnership between the Province and WestUrban Developments is a great example of the collaboration and creativity that will help address the housing shortage in Courtenay, and expand the range of affordable options for middle-income earners. We thank BC Housing for its ongoing efforts in our community.”

The new rental homes are designed to be affordable for households with annual incomes ranging between $48,000 and $74,000, with rental costs at 30 per cent or lower of household income. Monthly rents will range from approximately $1,200 for a studio, to $1,650 for a two-bedroom and $1,850 for a large two-bedroom rental.

“People at every income level should be able find the affordable housing they need in the communities they love,” said Premier John Horgan. “These new rental units in Courtenay are part of our government’s commitment to build 114,000 affordable homes over 10 years for people all around British Columbia.”

RELATED: Editorial – Affordable housing is no longer affordable

“These new homes will give more people in Courtenay an affordable place to call home and help them stay in their community,” said Courtenay-Comox MLA Ronna-Rae Leonard. “I would like to thank WestUrban Developments for partnering with the Province to help us deliver the type of housing that people need.”

Through the HousingHub, the Province is providing approximately $11 million in low-cost financing to WestUrban Developments, which will reduce the cost of the project and deliver the anticipated rental rates.

“The HousingHub is enabling us to work with a range of partners to increase the supply of homes for middle-income British Columbians,” said Selina Robinson, Minister of Municipal Affairs and Housing. “This is one key part of our broader housing plan, and I’m thrilled about the progress we are seeing with more than 2,600 HousingHub homes completed or underway.”

affordable housingCourtenay

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VIDEO: Courtenay residential community offers nightly balcony salute to frontline workers

Residents of The Tides in Courtenay gathered, social distancing intact, to salute… Continue reading

COVID-19: Isolation exemptions to frontline workers a danger to patients, say Island Health employees

Staff exempt from self-isolation upon return from international travel according to Island Health

Comox Valley RCMP adapt to new strategies during pandemic

The detachment is finding a balance between protecting public safety and the needs of its members.

New Asian/Mexican grocery store opens in Courtenay

Goods Grocery moves, changes focus

B.C. COVID-19 contact restrictions working, Dr. Bonnie Henry says

’Not out of the woods yet’ as next two weeks are critical

Trudeau announces 75% wage subsidy for small businesses amid COVID-19

This is up from the previously announced 10 per cent wage subsidy

Comox Valley Beefs & Bouquets switches to ‘Only Bouquets’

We are all in need of positive reinforcement; send us your cheerful notes

Comox Valley grocers going extra mile during coronavirus

We have had numerous requests to post a fluid article directing consumers… Continue reading

World update, 9:30 p.m. March 27: Positive news in Korea as U.S. hits 100,000 cases

The United States now has the most coronavirus cases of any country in the world

VIDEO: Penguins roam empty halls of Vancouver Aquarium

COVID-19 has forced the Vancouver Aquarium to close access to guests – leaving room for its residents

COVID-19: Qualicum Beach youngster gets car parade for his sixth birthday

Friends get creative after party cancelled due to ongoing pandemic

Kids get back to learning in B.C., online

Ministry of Education rolls out new tool for school

Nanaimo RCMP ask for help locating 17-year-old girl believed to be with 36-year-old man

Mary Cyprich, missing since Thurday, might be in company of Force Forsythe

Most Read