More affordable rental homes are on the way for people in B.C. as the Province launches a three-year pilot of the new Secondary Suite Incentive Program.  

As part of Budget 2024 measures that will increase supply and make homes more affordable and accessible, the Province is taking action against speculators and those who profit from “flipping” homes.

The Province has launched BC Builds to lower construction costs, speed up timelines, and deliver more homes that middle-income people who live and work in B.C. can afford.

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.

Turning short-term rentals into homes for people is at the core of newly introduced legislation to regulate the rapidly expanding short-term rental market.

For the second consecutive year, B.C.’s maximum allowable rent increase is being set below the inflation rate. The maximum increase for 2024 will be 3.5%.