National

Feds announce funding for rental homes in BC

Darpan News Desk The Canadian Press, 17 Nov, 2023 04:24 PM

The federal government is providing more than 155-million dollars for rental homes in five B-C cities in the Okanagan and on Vancouver Island.

Statements from the Ministry of Housing, Infrastructure and Communities says nearly 88-million in fully-repayable low-interest loans is earmarked for the construction of 271 rental units in Victoria, Langford and Courtenay.

This week, we’ve unlocked loans that are going to help build nearly 12,000 apartments across the country. We’re focused on building more homes and making them more affordable for Canadians – and we’ll keep working to make progress just like this.
— Justin Trudeau (@JustinTrudeau) November 17, 2023

Another 67-million dollars in low interest loans is available for the construction of more than 200 rental homes in four projects planned for Kelowna and Penticton.

The ministry says rental construction in the country hasn't kept pace with the need and boosting the overall rental supply is crucial to creating stronger and more vibrant communities.

Prev Next

MORE National ARTICLES

Robbery at a Victoria jewelry store, suspect arrested

Victoria police say they've arrested a suspect in a brazen daylight robbery at a jewelry store. They say the suspect entered the store on April 15th armed with a hammer and stole a number of items from three display cases before fleeing.

Robbery at a Victoria jewelry store, suspect arrested

Surrey RCMP investigating early Tuesday morning arson

The motive of the arson has not been determined and police are actively working to identify the suspect. Video surveillance shows a person lighting what appears to be a mattress on fire prior to walking away.

Surrey RCMP investigating early Tuesday morning arson

Telus Health, Medical Services Commission reach settlement over fee program: minister

Telus Health spokeswoman Juggy Sihota says in a statement the agreement will see Telus Health modify LifePlus to establish a clearer link between insured and uninsured care delivery.

Telus Health, Medical Services Commission reach settlement over fee program: minister

BOC confident inflation will drop by mid year

In its summary of deliberations, the central bank says it considered raising interest rates from the current 4.5 per cent. The Bank of Canada appears confident that inflation will fall to three per cent by mid-year.

BOC confident inflation will drop by mid year

Charges laid in Fort St.James homicide

Police were called to a home in Fort St. James on February 25th last year. Thirty-six year old John Lazare was found dead from a gunshot wound and investigators said at the time that the attack was targeted and there was no risk to the public.

Charges laid in Fort St.James homicide

PNE reveals plans for new amphitheatre

It's expected construction will begin next year -- with completion set for 2026 -- and Frost says the theatre, which she describes as a "jewel among Vancouver's spectacular venues," will host a wide variety of music and culture events.