News Posts - Categorized Under Housing

BC to spend billions on plan to build more homes to ease housing crisis

Estimated Read Time: 35 seconds

The British Columbia government will invest billions of dollars to ease a housing "crisis that is touching people in every corner of the province," Premier David Eby said. 

The province released its so-called Homes for People plan on Monday starting with a $4-billion investment over three years and commits to $12 billion over a decade.

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B.C. needs unprecedented construction to offset record immigration: report

Estimated Read Time: 33 seconds

Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday.

The province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability.

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Greater Victoria's unaffordable housing market is forcing people into extreme situations

Estimated Read Time: 44 seconds

"Across Greater Victoria, renters, homeowners, and those struggling with or on the verge of homelessness say that an increasingly unaffordable housing market is driving them to take extreme measures just to make ends meet.

Several residents told CBC News they are worried about what it means for their futures — and their ability to afford to stay on the south Island."

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