The Province has granted extensions to 21 B.C. local governments to provide them more time to amend zoning bylaws and upgrade infrastructure for some, or all, of their community.

Families and people will soon have more multi-bedroom apartment options available to them, thanks to changes to the BC Building Code (BCBC) allowing single egress stair (SES) designs in low- and mid-rise buildings.

The Province is tying the annual allowable rent increase in 2025 to inflation at 3%, down from this year’s allowable increase of 3.5%.

The Province is amending the personal use-notice period for home purchasers in B.C. to three months to improve conditions for first-time homebuyers, while ensuring that tenants have more than two months notice to find new housing.

More than 17,000 homes will be built in areas with the greatest housing needs as housing targets have been established in the third set of priority communities in the province.

The B.C. Financial Services Authority (BCFSA) has taken urgent action to protect the interests of tenants and landlords of approximately 350 properties in B.C. by freezing the bank accounts and suspending the licence of Vancouver-based rental property brokerage firm Rent it Furnished Realty.

Six-month progress updates from the first 10 priority communities selected for housing targets by the Province show that more than 4,000 net new homes have been built for people and more are coming as the second set of targets are released.

New regulations are in effect to standardize and improve community planning in the province and make it easier to get more homes for people built faster.

Thirty-eight local governments will soon receive a grant to create more efficient development approvals processes.