Quote:
Originally Posted by Klazu
Oh, I would love something over 50 floors at Telford and Beresford. Metroplace is nice and all, but it won't stand out as it was built 10 floors too short to really be a crown for the area right next to one of the busiest Skytrain stations in Metro. Something really nice and tall should become the highlight of the area and this is exactly the spot to build it! That something needs to be at least 55 floors or higher to really stand out from rest of the row.
Am I correct in understanding that what is considered "rental housing" in Burnaby is below market rate housing for normal lower income working people? Not like almost every "social housing" component in Vancouver that seems to house people with no income and issues with substance abuse?
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There's non-market (i.e rental) housing, and then within that level there's what is termed as "affordable" housing which basically means housing that's rented at "below" the standard or market rate and meant to make housing accessible to individuals and ideally families of not great income level but who definitely have income.
Typically you'd be looking at young families, recent graduates or immigrant families for example who definitely have income but not at a high level
In other words, not necessarily jobless or unemployed folks. It's subsidized to some level but it's not what you're referring to as "social housing" which is an entirely different category altogether and is what is geared towards people with no income and substance abuse issues and the like.
So totally different category within the same housing level.
There's also Moderate income housing but that's more general in context and is basically market rate rental.
The folks at City Duo provide a great breakdown in the difference between Moderate Income Housing and Affordable Income housing with some examples and the levels of income in question.
https://cityduo.wordpress.com/
Affordable Income Housing:-
https://cityduo.wordpress.com/2019/0...rdable-choice/
Moderate Income Housing:-
https://cityduo.wordpress.com/2019/0...eed-to-mirhpp/
I may have oversimplified, or even conflated terms in some areas, so if anyone notes anything wrong feel free to correct me.