The Province is taking action to fight real estate speculation and turn more empty units into homes for people by expanding the speculation and vacancy tax to 13 new municipalities.

Homeowners and builders will soon be able to develop new housing quicker and with less cost as the Province works to create new standardized designs for small-scale, multi-unit homes, such as townhomes, triplexes and laneway homes.

Building more homes near transit hubs is the focus of new proposed legislation aimed at speeding up the delivery of homes and encouraging more communities near the transit, services and amenities that make life better for people.

Brenda Bailey, Minister of Jobs, Economic Development and Innovation, has issued the following statement on the release of Statistics Canada’s Labour Force Survey for October 2023:

The Province is introducing new housing legislation to deliver more small-scale, multi-unit housing for people, including townhomes, triplexes and laneway homes, and fix outdated zoning rules to help build more homes faster.

People in B.C. will benefit from community support, arts and culture services, and support to find affordable housing, as the Province provides additional grants for non-profit organizations building healthier, more inclusive and stronger communities.