Market Housing definition

Market Housing means rental housing that is rented at market rates;

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Market Housing means dwelling units designed to be affordable to persons who make up a household, and whose combined gross annual incomes fall within the upper third of income distribution for the Greater Vancouver region published by Statistics Canada, in the then current Canada Census at the time of any applicable CD-1 rezoning;

Market Housing means dwelling units on the Development Site which are sold on the open market at open market value

Examples of Market Housing in a sentence

To ensure that 3% of the Market Housing Units in each Phase of the Development are constructed as Wheelchair User Units.
Buyer will subdivide the Property into legally subdivided lots, construct the Affordable Housing Improvements and the Market Housing Improvements, and construct or cause to be constructed Affordable Housing Units and Market Housing Units.
Prior to Closing, ▇▇▇▇▇ agrees to execute a “Deed Restriction” for Below Market Housing with a preference for Teachers & School Employees along with special Below Market Rate Guidelines on terms consistent with all laws and ordinances and consistent with the reasonable expectations of both Parties for a period of 55 years with an opportunity to extend for the longest feasible time.
The next restriction, Clause 2.2, states no more than 9 (50%) of the Market Housing units shall be occupied until an additional 2 of the Affordable Housing units have been Practically Completed and transferred.
The final restriction states that no more than 12 (75%) of the Market Housing units shall be occupied until the remaining 1 Affordable Housing unit has been Practically Completed and transferred.

More Definitions of Market Housing

Market Housing means housing units other than Affordable Housing;

Market Housing means housing that is constructed or made available for purchase or rent on the open market but does not include social housing;

Market Housing means any Dwelling forming part of the Development which is not an Affordable Housing Unit and the term "Market Housing Unit" shall be construed accordingly;

Market Housing means Dwellings to be constructed on the Development which are not to be provided as Affordable Housing.

Market Housing means housing within the community that has a rent or payment at a rate at or near Average Market Rent.

Market Housing means any Residential Unit forming part of the Development

Market Housing the Residential Units constructed as part of the Development not being Affordable Housing and “Market Housing Unit” shall be construed accordingly