Investing in Housing

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

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