The Ministry of Housing has announced that the apartment building, The Oaks, has officially opened and will provide affordable rental housing for seniors, families, and individuals with disabilities.
This four-storey wood-frame apartment building is located at 9 Chown Place and has 58 one-, two- and three-bedroom units for people with low to moderate incomes—including one fully accessible unit and 48 adaptable units.
There is also a community hall, raised garden beds, and a rooftop deck for everyone’s enjoyment.
“This new apartment building means dozens of families and seniors in Victoria will be able to stay in their community, comfortably and affordably,” said Ravi Kahlon, Minister of Housing.
“British Columbians can expect to see more homes like these open soon as we work to build housing that gives people the peace of mind that comes with safe, secure and affordable housing.”
According to the release, most of the residents at The Oaks pay rent relative to their income—meaning the cost is based on 30% of their household income.
“Before coming to The Oaks, I was paying 60% of my income on rent,” said Joanne, a tenant at The Oaks.
“And that was staying with friends. Affording market rent was out of the question. Now, I pay 30% of my income on rent, which is a game changer for me. It feels like I’ve won the lottery.”
Twelve of the units are specifically reserved for people with very low incomes, regardless of how it’s received (via income or disability assistance).
The remaining 17 units are rented to people with moderate incomes at near-market rates—prices ranging from $1,600 and $2,100.
“Seniors, parents and their children should not have to leave the community they call home to find safe, affordable housing,” said Rob Fleming, MLA for Victoria-Swan Lake.
“That’s why I’m so pleased to see doors open on The Oaks, which will have a major impact on residents’ lives. I’m grateful to Gorge View Society and our community partners for their leadership in bringing this project to fruition.”
The project is located on a five acre property owned by the Gorge View Society (GVS) and is operated by the GVS. Additional housing is expected to be added to the site, further increasing affordable housing options in the coming years.
Since 2017, the province of BC has delivered nearly 77,000 homes (including more than 3,000 in Victoria) as a part of the $19-billion housing investment.