2,600 new homes to be sold at 60% market value in Vancouver

  • 📰 CBCNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

Heather Street Lands occupies about 8.5 hectares of land between 33rd Avenue and 37th Avenue along Heather Street.

The Heather Lands is a 8.5-hectare site located just west of Queen Elizabeth Park in Vancouver. Up to 2,600 new housing units planned for the Heather Lands in Vancouver will be sold at 60 per cent of market value, according to a joint announcement by the province, the city and the Musqueam, Squamish and Tsleil-Waututh First Nations.

"For too long, the idea of home ownership has been out of reach for way too many people — people who earn a decent income, who are priced out of the market and do not see any path to home ownership," said Premier David Eby, speaking at the project unveiling on Thursday.Examples of Heather Lands unit costs under the 60/40 financing arrangement, with unit prices to be determined at time of sale. Citizens or permanent residents of Canada.

Squamish Nation councillor and spokesperson Sxwíxwtn Wilson Williams said the Heather Lands project was conceived by the three First Nations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow slides 600 points, Nasdaq sinks 3% as Nvidia leads chip sell-offWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »