Question of the Week | Jan. 2

Question of the Week | Jan. 2

Do you know someone who’s struggled to find rental housing in Terrace?

  • Jan. 6, 2020 1:48 p.m.


BACKGROUND:

During the meeting in November, the city highlighted multiple challenges as the LNG project builds out. Residential house resale prices are higher in Terrace than in Kitimat, there is an elevated demand for social housing, and there is a slight increase in hotel and motel vacancies and pricing.

As the population continues to grow, attracting many people to the region in hopes of a job opportunity, this has also led home and property owners to increase the cost of their rental units.

Do you know someone who’s struggled to find rental housing in Terrace?

READ MORE: City of Terrace frustrated with LNG Canada, province around social impact management


 


natalia@terracestandard.com

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