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

Surrey crash on Highway 10 and King George Blvd leaves a man dead

The crash Monday night left a man in his 50s dead. At around 8:07pm, the vehicle was travelling northbound on King George Blvd when it went off road.

Surrey crash on Highway 10 and King George Blvd leaves a man dead

Battle looming over Canada's defence spending

The budget document says spending by the Defence Department will reach nearly $40 billion by 2026-27 as a result of those additional investments, but the government is not saying what that means as a share of Canada's gross domestic product.

Battle looming over Canada's defence spending

Federal spending on staff grew during pandemic

The Parliamentary Budget Office says the increase in salaries was the largest contributor to the rise in total compensation, but spending on pensions, overtime and bonuses also grew at a faster rate.

Federal spending on staff grew during pandemic

Vancouver's March home sales down 42.5%: REBGV

Last month's sales totalled 2,535 compared with 4,405 sales in March 2022 and 1,808 in February. The B.C. board says the numbers signal that March home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.

Vancouver's March home sales down 42.5%: REBGV

Fungus deadly to bats detected in B.C. guano

The ministry says the fungus is primarily spread by bat-to-bat contact and doesn't affect humans but can spread through the movement of contaminated clothing and gear, or through accidental transport of the animals.

Fungus deadly to bats detected in B.C. guano

B.C. Indigenous rights beat mining, court hears

Human rights commissioner Kasari Govender confirmed in a separate news release Monday that she will be in court this week. She said how the declaration act is interpreted and implemented in this case will have "important implications for reconciliation in the province."