Canada and B.C. Form Partnership to Accelerate Homebuilding, Lower Costs, and Build New Local Infrastructure
The partnership will convert more than 2,200 vacant condo units and fund transit, roads and health facilities, officials said.
- On Thursday, Prime Minister Mark Carney and Premier David Eby announced a federal-provincial partnership investing more than $5 billion into British Columbia's infrastructure and housing over the next 10 years.
- This funding arrives while the British Columbia government faces severe budget constraints, with deficits projected at $13.3 billion this year, prompting Eby to delay other infrastructure projects.
- The package includes $2.5 billion for transit projects like the Surrey-Langley SkyTrain, nearly $1.6 billion for development charge reductions, and more than $600 million for health-care infrastructure.
- Additionally, the agreement allocates $100 million for a new secondary school and medical centre in Tumbler Ridge, helping the community rebuild after a February tragedy that claimed nine lives.
- Carney emphasized converting more than 2,200 vacant condo units in priority areas, noting demand continues to outpace supply while finished units often sit empty without buyers.
12 Articles
12 Articles
Federal government kicks in $5 billion for B.C. housing, infrastructure - Creston Valley Advance
B.C. has struck a deal with the federal government for Ottawa to provide more than $5 billion for housing and infrastructure in the province over the next 10 years. Funding will include $2.5 billion for transit, such as SkyTrain development, $1.6 billion to lower development cost charges, $600 million for health-care infrastructure, a $284-million one-time payment to reduce barriers to new construction, $100 million for a new Tumbler Ridge secon…
Federal government kicks in $5 billion for B.C. housing, infrastructure - Fort St. James Caledonia Courier
B.C. has struck a deal with the federal government for Ottawa to provide more than $5 billion for housing and infrastructure in the province over the next 10 years. Funding will include $2.5 billion for transit, such as SkyTrain development, $1.6 billion to lower development cost charges, $600 million for health-care infrastructure, a $284-million one-time payment to reduce barriers to new construction, $100 million for a new Tumbler Ridge secon…
Federal government kicks in $5 billion for B.C. housing, infrastructure - Tofino/Ucluelet Westerly News
B.C. has struck a deal with the federal government for Ottawa to provide more than $5 billion for housing and infrastructure in the province over the next 10 years. Funding will include $2.5 billion for transit, such as SkyTrain development, $1.6 billion to lower development cost charges, $600 million for health-care infrastructure, a $284-million one-time payment to reduce barriers to new construction, $100 million for a new Tumbler Ridge secon…
Carney, Eby announce $5 billion for B.C. housing and related infrastructure
B.C. Premier David Eby and Prime Minister Mark Carney announced $5 billion in spending in B.C. housing infrastructure on Thursday, including $3.2 billion over 10 years to lower municipal development charges.
Canada and B.C. form partnership to accelerate homebuilding, lower costs, and build new local infrastructure
Prime Minister Mark Carney and Premier David Eby, announced a partnership between the Government of Canada and the Government of B.C. that will “transform, connect, and modernize communities across the province.”
A new $5 billion fund announced by Mark Carney and David Eby will try to make the real estate market more affordable in British Columbia.
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