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

Health spending growth to slow down in 2022: CIHI

The total health spending in Canada is still expected to rise by 0.8 per cent this year, however that's much lower than the 7.6 per cent increase seen in 2021, and the 13.2 per cent surge in 2020. The annual report released Thursday said the country's health spending, including public and private expenditure.

Health spending growth to slow down in 2022: CIHI

Rain, wind, snow hit large parts of B.C.

Environment Canada says downpours over the inner south coast, including eastern Vancouver Island, Sunshine Coast and Metro Vancouver will deliver between 30 and 70 millimetres of rain. But it says chilly conditions could mean the rain falls as wet snow at slightly higher elevations across Metro Vancouver before conditions warm up on Friday.

Rain, wind, snow hit large parts of B.C.

Hootsuite to lay off five per cent of staff

When restructuring at the Vancouver-based company was announced in August, CEO Tom Keiser said Hootsuite needed to refocus its business so it could drive efficiency, growth, and financial sustainability.

Hootsuite to lay off five per cent of staff

Trudeau skips COP27 for Tunisia, Asia visits

The Prime Minister's Office says Trudeau will attend the Association of Southeast Asian Nations summit on Nov. 12 in Phnom Penh, Cambodia, before heading to the the G20 Summit in Bali, Indonesia.

Trudeau skips COP27 for Tunisia, Asia visits

Foot injury may not result in fractures: witness

Dennis Chimich, an expert in the biomechanics of bone fractures, testified for Doug McCallum's defence team, which is presenting evidence to suggest their client was not lying when he told police a woman ran over his foot in a grocery store parking lot.

Foot injury may not result in fractures: witness

Housing prices remain soft, sales flat, throughout the Fraser Valley

Prices continued to soften, with month-over-month Benchmark prices down slightly across all property categories. For detached homes, prices are on par with October 2021 levels, while townhomes and apartments are up 7.7 per cent and 11.5 per cent, respectively, over 2021.