In response to the economic and trade uncertainty faced by people and businesses across British Columbia, the Province is taking action to provide stability in BC Hydro’s electricity rates during these unpredictable times, while keeping rate increases below cumulative inflation.

As 337 more affordable rental homes open in Vancouver, new reports are showing positive signs for renters in B.C., including thousands of renters supported through the BC Rent Bank, decreases in rents and record-high rental-home construction starts.

BC Hydro has received a strong response to its call for new renewable power-generation projects while it continues to build out and strengthen B.C.’s electricity grid, creating jobs and supporting clean growth in communities such as Vancouver.

Families and seniors in Vancouver will soon have access to 146 new affordable rental homes as construction begins on Sunrise Village on the corner of Venables and Renfrew streets.

Provincial legislation to fix outdated zoning rules and create more small-scale multi-unit homes (row homes, triplexes and townhouses) has now been adopted into local bylaws, or will soon be adopted, by almost 90% of communities throughout B.C., paving the way for more housing options for people with middle incomes.