$150 million to help affordable housing

The federal government has announced $150 million over the next two years to help with housing affordability in British Columbia. It is in addition to the $63 million already joint annual funding from the Investment in Affordable Housing agreement between Ottawa and the BC government.

"The Province is partnering with the federal government to build and renovate more affordable and supportive housing for British Columbians. We will be working with communities throughout the province to identify specific housing needs and determine where the additional funding will be distributed,” commented Rich Coleman, Deputy Premier, Minister of Natural Gas Development and Minister Responsible for Housing.

The new federal government funding includes:
  • $25.2 million to support the construction, repair and adaption of affordable housing for seniors;
  • $10.9 million to support the construction and renovation of shelters and transition houses for victims of family violence; and
  • $50.9 million to help address the increasing demand for repairs as social housing units age and to improve efficiency and reduce energy and water use.
Further measures are expected to be announced by governments at all levels in the coming weeks and months.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Mount Albion, New Argyle, Pansy, Terre Noire, Maynard

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?