Prime Minister Mark Carney was in Vancouver Thursday, June 18 to announce measures to “unfreeze” the province’s real estate market with the aim of creating greater affordability for British Columbians.
Carney made the announcement with Premier David Eby and their respective housing ministers Gregor Robertson and Christine Boyle in South Vancouver’s River District, flanked by condo towers where two-bedroom units are selling for close to $1.1 million.
First, Carney announced $1.6 billion over the next 10 years, to be matched by the provincial government, to lower development cost charges (DCCs) for multi-unit housing by up to 50 per cent, or as much as $40,000 per unit in “priority communities.”
The
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