BC's Ambitious Housing Plan: $4.2 Billion Investment to Enhance Affordability and Supply

The British Columbia government has announced a $4.2 billion investment in housing as part of its refreshed housing plan for 2023. The plan aims to increase the supply of affordable housing and make housing more affordable for all British Columbians. The investment includes $2.4 billion for the construction of 9,000 new affordable rental homes and $1.7 billion to support the renovation of existing affordable homes. The plan also includes measures to address speculation and increase housing supply, such as implementing a tax on vacant homes and providing incentives for developers to build rental housing. The government hopes that these measures will help make housing more affordable for everyone in the province. 

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