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Pacific Canada  + Apartments  | 
B.C. Premier David Eby is projecting that 250,000 new homes will be built over the next decade.

B.C. Premier Projecting 250,000 New Homes

B.C. Premier David Eby is projecting that the province will deliver 250,000 new homes over the next decade.

Eby made the projection at a B.C. Chamber of Commerce event, The Vancouver Sun reported. He told the audience that that the housing ministry convened a panel of economists do modelling to achieve the goal. Many of the homes are expected to be rental-housing units.

The provincial government has passed new legislation designed to create more multi-family rental housing development near public transit. The legislation requires municipal governments to designate transit-oriented developments near rapid-transit stations and bus exchanges.

Eby told the chamber that local governments and First Nations have been given detailed manuals and technical resources to support the province’s housing plan, the Sun reported.

Ravi Kahlon, the province’s housing minister, has contended that layers of regulations deterring transit-oriented development.

(Pictured: B.C. Housing Minister Ravi Kahlon)

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David EbyRavi Kahlon

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
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