BC Builds will deliver thousands more homes with Canada contribution

BC Builds, the Province’s new initiative to build more housing for people with middle incomes, will benefit from $2 billion in additional financing from the Government of Canada to help deliver thousands more homes that people with middle incomes who live and work in B.C. can afford.

“All levels of government need to work together to solve the housing crisis,” said Premier David Eby. “With the federal government’s contribution and partnership toward BC Builds, we can help build more homes people can actually afford. That’s good news for our economy and for our future, but most importantly it’s good news for British Columbians looking for a decent place to live.”

On Feb. 13, 2024, the Province announced BC Builds, an initiative delivered through BC Housing that leverages government, community and non-profit owned and under-used land to speed up the delivery of housing and help bring costs more in line with what middle-income households earn. All BC Builds projects have a target of middle-income households spending no more than 30% of their income on rent.

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