Fall budget update brings new provincial housing strategy and affordable rental investments
For immediate release
Sept. 11, 2017. Victoria, British Columbia – Finance Minister Carole James announced plans for a provincial housing strategy and new affordable housing investments in today’s fall budget update.
The provincial housing strategy will partner with federal and municipal governments, First Nations, developers, and not-for-profit associations to improve housing affordability.
“The reality is that government will not be able to build new affordable housing for everyone. In this new strategy, measures to improve market housing affordability for all British Columbians must be considered,” says Canadian Home Builders’ Association of British Columbia (CHBA BC) CEO Neil Moody. “The private sector will be an important voice in the consultation process.”
The residential construction industry creates over 158,000 jobs across the province, and is a key driver of British Columbia’s economy.