Investments in housing, particularly in urban centres, are critical to improving affordability and livability for British Columbians. These investments also play a part in the successful recruitment and retention of skilled workers for businesses based in these urban areas.
The Province is taking action to address affordability challenges of its cities:
- Committing $855 million for affordable housing, including the $500 million investment announced in September
- Investing $700 million for the new B.C. Home Owner Mortgage and Equity Partnership (BC HOME Partnership) to give a hand-up to first-time home buyers.
- Property tax deferral programs offer low interest loans to pay current property taxes for families with children, surviving spouses, persons with a disability, or those over 55 years of age