The project represents a major boost to the province’s supply of affordable homes
On April 06, federal and provincial authorities announced the grand opening of the five-storey, 232-unit Westwinds residential complex in Squamish, British Columbia.
The building, which was largely funded by a $40.55 million investment from the government of Canada, offers affordable units, particularly for the region’s low-income seniors.
“The realization of Westwinds is the result of a partnership between the Government of Canada through the Canada Mortgage and Housing Corporation (CMHC), the Province, through BC Housing, the District of Squamish, Squamish Senior Living Society and Polygon Homes,” CMHC said. “Squamish Senior Living Society will operate the new homes.”
Monthly rents will range from $767 to $990, depending on tenant income. Residents will begin moving in on April 08.
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“Westwind will ensure a growing demographic of Squamish residents have access to safe and affordable accommodation in their fast-growing community,” said Patrick Weiler, Member of Parliament for West Vancouver – Sunshine Coast – Sea to Sky Country. “Important programming and services will be available within the building to support a high quality of life for all residents.”
“Housing affordability is one of our most urgent issues and it takes all levels of government, our dedicated non-profits, as well as private developers, to make a difference,” added Mayor Karen Elliott. “Ensuring that safe and affordable housing is available to support residents at all stages of their lives is critical for a healthy community, and this project helps substantially towards this goal.”
