Middle-income renters to get supply boost in Langley
A partnership between British Columbia and Century Group will see almost 100 rental homes built in Langley
Steve Randall
Canadian Real Estate Wealth
A partnership between British Columbia and Century Group will see almost 100 rental homes built in Langley for middle-income people.
The province says that construction is underway on Solaro, which will provide 98 rental homes for individuals and families at 22304 – 50th Ave. in Murrayville.
The homes will be built by Century Group through BC Housing’s Housing Hub which works with various stakeholders to help create new affordable rental housing and home-ownership options for middle-income British Columbians (earning $50,000 and $155,000).
Monthly rents for the new homes will range from approximately $1,250 for a one-bedroom unit to $2,140 for a two-bedroom and den.
“Years of inaction by the last government have left many people, even those with middle incomes, like teachers, nurses and small business owners, struggling to find affordable housing,” said Selina Robinson, Minister of Municipal Affairs and Housing. “Through partnerships like this, we are building the homes that people need to stay in their community.”
The homes will be in two four-storey wood-framed buildings with underground parking and electric charging stations. Outside space includes dog park and children’s playground.
“While all of our projects are important to us, it is particularly exciting to partner with BC Housing on this initiative,” said Sean Hodgins, president, Century Group. “We see the family-oriented floorplans, focus on outdoor engagement spaces and sustainable living of Solaro as a great addition to the broader Langley community, and are excited to expand our presence in Langley with our Barbican Property Management division.”
Copyright © 2019 Key Media Pty Ltd