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

Arctic cold descends on parts of B.C.

Arctic outflow warnings have been posted for B.C.’s central and northern coasts, with the wind chill predicted at minus 20. Special weather statements are also up for most of Vancouver Island and the south coast, with icy conditions and wind chills near minus 10.

Arctic cold descends on parts of B.C.

Street drugs kill another 179 people in B.C.

The coroner says the October statistics show that illicit drugs caused the deaths of 1,827 people in B.C. in the first 10 months of this year. Chief coroner Lisa Lapointe says the increased toxicity and variability of street drugs has created an environment where everyone who uses substances is at risk.

Street drugs kill another 179 people in B.C.

Metro Vancouver storm creates traffic chaos

Several crashes blocked the Alex Fraser Bridge, one of the main arteries over the Fraser River. The route was closed for hours in both directions over safety concerns, the government said.

Metro Vancouver storm creates traffic chaos

Guns seized including a Ghost gun, charges sworn against Surrey man, Baljit Singh Nijjar

32-year-old Baljit Singh Nijjar of Surrey has been charged with multiple firearms charges including unauthorized possession of a prohibited/restricted firearm and possession of a prohibited/restricted firearm without a license.

Guns seized including a Ghost gun, charges sworn against Surrey man, Baljit Singh Nijjar

Vancouver Police are investigating 2 homicides that took place a week apart

The victim was located inside an apartment building on East Hastings near Carrall Street. VPD’s Homicide Unit has identified the victim as Joseph Kelly. No arrests have been made, and anyone with information is asked to call Vancouver Police.

Vancouver Police are investigating 2 homicides that took place a week apart

Canada issues $500M in bonds for Ukraine

The five-year, government-backed bonds were first announced last month. The money raised is expected to be channelled as a loan to Ukraine through the International Monetary Fund so the country can continue basic operations.