902 Foul Bay
18 Urban Infill Townhomes
Contributing to Neighbourhood Diversity and a More Vibrant Future
Our belief is that every neighbourhood should have diverse housing types and tenures for all incomes and demographics.
This proposed project enables a high-quality, densified, compact and walkable lifestyle which is critical to solving our climate and housing crisis, all while creating more livable and healthier communities.
Project Benefits
Neighbourhood-Friendly Design
Housing for All Incomes
Sensitive Urban Infill
Community Building
A Greener Tomorrow
Centrally Located
A commitment to attainable housing
The original vision for 902 Foul Bay was to offer all 18 units under BC Housing’s Affordable Homeownership Program (AHOP). Homes are sold below market value with the discount shared between the buyer and the city’s affordable housing fund.
Unfortunately, due to the length of approval timelines, volume of off-site improvements expected and rampant increase in construction costs, we were forced to rethink our approach. It’s unfortunately no longer feasible to offer all units at below market rate and the project now includes four affordable townhomes (22% of the total number of units) that fall under the Capital Regional District’s price restrictive resale program where homes are sold at an even steeper discount than the AHOP program. The below market rate townhomes now proposed are two 1-bedroom units and two 3-bedroom units offered at 20% below market value each.
Project at a Glance
What's Next?
Learn More
We're committed to being good neighbours and having an open, honest dialogue within the communities we do our work. We’re available to discuss development details with community members through a variety of channels, building trust and establishing a shared vision for the project, all while maintaining respectful and transparent communication.
If you would like to receive updates about our proposed development at 902 Foul Bay, please fill out this form.
If you prefer to just ask a specific question or provide comments about the proposed development, please e-mail community@aryze.ca.
Aryze Developments
1839 Fairfield Road
Victoria, BC V8S 1G9
250 940 3568
Aryze Philosophy
As an integrated team of home builders, developers and urban planners, we’re deeply committed to increasing the quality of housing—and the quality of communities—in Victoria, BC.
Approaching every project with intention and care, we aim to contribute to the built environment in a way that enhances your sense of space and your sense of place. It’s in this commitment that we strive to create a lasting impression on the cities, neighbourhoods and homes in which we build.