British Columbia has finally got its long-awaited housing deal from Ottawa, but it’s not quite as lucrative or popular as the package given to Ontario.
Prime Minister Mark Carney showed up to Vancouver on Thursday with a very different deal for this province, one that prioritizes helping the development sector over lowering prices for homebuyers.
Carney announced $5 billion over 10 years on housing, health care and transit.
The core is $1.6 billion—cost-matched by the B.C. government to $3.2 billion—to help municipalities in “priority communities” cut development cost charges on multi-unit housing projects and still fund the water, wastewater and road infrastructure.
It could shave off as much as
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