Everyone deserves a safe and affordable place to call home. Now in its third year, the Speculation and Vacancy Tax (SVT) is raising significant revenue that goes directly into affordable housing in the five regions where the tax applies, while encouraging owners to rent or sell vacant units to those who need them.

The Province, through BC Housing, is working with the City of Kamloops to open three new shelters to provide approximately 115 spaces for people experiencing homelessness.

Families, seniors and people with disabilities in Vernon will soon have access to additional rental homes they can afford as construction begins on a 13-unit housing project in partnership with the Okanagan Village Housing Society.

Residents are moving into Cedar Place, a new 38-unit supportive housing building for people experiencing or at risk of homelessness in Salmon Arm.  

The Province is teaming up with the Canadian Red Cross to provide eligible residents, who were affected by the 2021 wildfires, with financial assistance to support their interim housing needs during their recovery.

Seniors are moving into 107 new affordable homes in Richmond, which will allow them to live more independently and stay connected to their community.

To better protect consumers in B.C.’s real estate market, the Province is introducing legislation that requires cooling off periods for resale properties and newly built homes.

People in need of a warm, safe place to stay during the cold, wet winter months will have access to additional emergency shelter spaces.

A new temporary supportive housing building with 40 safe and secure homes will soon be available for people experiencing, or at risk of, homelessness in Richmond.

People living with complex mental illness and addictions have access to a new purpose-built treatment centre with a model of care that is innovative and progressive – the first of its kind in North America.