HOUSING MINISTER TALKS ABOUT COOPERATIVE OPPORTUNITIES TO ADDRESS HOUSING CRISIS
[VICTORIA, BC] On Wednesday, May 26, 2021, Minister David Eby, Attorney General and Minister Responsible for Housing, spoke with members of the Urban Development Institute to talk about the housing needs of the region and how the provincial government plans to assist and encourage municipalities to reach their housing goals.
With supply at historic lows and delays of up to two years in some municipal housing approvals residents can expect already escalating home prices to continue to rise.
Eby said the provincial government can take on more accountability to assist local governments in providing much needed housing by introducing legislative changes in the fall and by looking for ‘cooperative opportunities’ to meet demands.
The Minister was generally supportive of providing incentives for local government to meet the housing demands identified in the provincially mandated Housing Needs Reports that were completed last fall.
The Government of British Columbia is making the largest investment in housing affordability in B.C.’s history — more than $7 billion over 10 years — and is implementing a 30-point housing plan: http://bcbudget.gov.bc.ca/2018/homesbc/2018_Homes_For_BC.pdf
About the UDI – the Capital Region’s professional resource for the real estate development industry. A non-profit association, supporting industry professionals and affiliates with the information, education and representation they need to thrive in our local development industry.
For more information: https://udicapitalregion.ca/about/
