🌇BC Builds program secured $2 billion in federal financing for housing construction in British Columbia.
🏘️The program focuses on building rental buildings for middle-income earners using publicly owned land.
🌃BC Builds program is expected to create 8 to 10,000 new homes over the next few years.
🌏Similar housing models have been successful in Singapore and Vienna.
🏢20 sites have been identified for construction, with a nine-story co-op building in Vancouver's Yale town among them.
What is the BC Builds program?
—The BC Builds program is a government initiative in British Columbia that aims to streamline housing construction and create more rental buildings for middle-income earners.
How much funding has the program secured?
—The BC Builds program has secured $2 billion in federal financing for housing construction.
How many new homes will the program create?
—The BC Builds program is expected to create 8 to 10,000 new homes over the next few years.
What is the key focus of the program?
—The program focuses on using publicly owned land to build rental buildings for middle-income earners.
Has this housing model been successful elsewhere?
—Yes, similar housing models have been successful in places like Singapore and Vienna.
00:00The province of British Columbia has secured $2 billion in federal financing for its BC Builds program.
00:23BC Builds aims to streamline housing construction using publicly owned land.
00:31The program will create 8 to 10,000 new homes over the next few years.
00:51Housing models similar to BC Builds have been successful in other places like Singapore and Vienna.
01:0620 sites, including Vancouver's Yale town, have been identified for construction.
