News Posts - Tagged BC

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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