Whistler council has rejected a request by a developer to hike the price of employee-restricted housing.
At a council meeting last month, the Whistler council denied a request to raise prices for The Landing at 2077 Garibaldi Way, an employee-restricted housing development. The developer wanted to amend the Housing Agreement to increase the price of the units by 16.1%, which would have pushed the cost per square foot from $591.53 to $681.53.
The sale price for the project was initially set in May 2022, but the developer submitted the request after the Note to Purchase Deadline of June 21, 2024, and following two open houses promoting the project.
The 14-unit development, governed by zoning rules that require sales through the Whistler Housing Authority (WHA) waitlist, factors inflation into its pricing. However, council noted a stark discrepancy between inflation indicators: the Core Consumer Price Index (CCPI) rose by 4.6%, while the requested adjustment reflected a 16.1% increase.
Had the request been approved, the average maximum price of a unit at The Landing would have surged from $769,697 to $938,411.
All employee-restricted units and six market units have been completed but are awaiting occupancy permits. Council voted unanimously to deny the price increase, ensuring affordability standards are maintained for workforce housing.
Teresa Parkin says
We the workers…are humiliated we are not valued .we are angry that greed is how everything proceeds. We are not how ever Shocked.
You want. Employees. But you owners etc cintinue to regard us as. Slaves. We represent. Many generations..multiple talents and great survival skills..Whistler
Continues to
Decline in integrity ..joy and. Truth .as a community it is shallow. And hollowedout like a rotting giant tree .in a forest that. Is on the decline.
Money buys materualsto.
Build housing but fair housing ..good shelter and food .prices continue to be.
Beyond. The reach of many canadians.. We want to work
Why can’t we live well,too?