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.

The final legislative session for the 42nd parliament delivered action to help people in B.C. with new laws and measures aimed at easing cost-of-living pressures, delivering more homes for people with middle incomes and improving public health care.

Strata owners will soon have more certainty and consistency around the repair and maintenance of common property with new regulations to close a loophole that allowed strata corporations to indefinitely defer depreciation reports.

Improvements to the Shelter Aid for Elderly Renters (SAFER) program and a one-time rental benefit of $430 will bring relief for families and seniors with low incomes who are receiving a rent subsidy through the Rental Assistance Program (RAP) and SAFER program.