Northern Light said:
Approximately 43 of the units will be 'affordable' (meaning targeted to a household income of $85,000 or less)

Per this CBC story:


Seems a bit late in the process for approximately, LOL, I assume the requirement is GFA Based with details to iron out.
Click to expand...
...in CMHC speak that means "Apartments that will rent for ~$2,175 per month (or less)".

I expect the "Approximately" is due to the unit mix -- and what they expect the market-rents to be in that location in 2026 / 2027 when they get to occupancy.
 
You must log in or register to post here.

Back
Top