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BC was "canary in the coalmine" for Canada's housing affordability crisis: Trudeau

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Speaking with B.C. Premier David Eby in Vancouver on Tuesday, Prime Minister Justin Trudeau announced the federal government will be adding another $2 billion in financing to British Columbia's plan to build more middle-income rental housing, doubling the funding for the provincial government’s programme.

Trudeau called the provincial housing plan, known as B.C. Builds, "ambitious and fundamentally practical" and added that the additional federal financing will help create another 8,000 to 10,000 new homes.

“This is exactly the kind of visionary, progressive housing solution that people need,” Trudeau said. “What you're doing here is transformative, and I am hoping that other provinces take careful note of the leadership that you've shown and the capacity to actually deliver.”

Eby said the additional federal funding will be "transformational," which comes on top of a previous $2 billion in low-cost provincial financing to fast-track affordable rental developments on government-, community- and non-profit-owned and underused land. The province is also committing $950 million to build rental homes under the program.

For more info, please go to https://globalnews.ca/news/10304694/trudeau-in-vancouver/

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News and politics
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