Ten municipalities in B.C. must build a total of 60,103 housing units over the next five years, the province’s housing minister announced Tuesday. At a news conference in Saanich, Ravi Kahlon revealed the housing targets assigned to communities including Vancouver, Victoria and Kamloops, as part of the province’s plan to increase the housing supply in the places that need it most.
Kahlon announced the plan and the 10 selected municipalities back in May, aiming to reduce red tape and speed up the building process to help with housing affordability for families. “These will be homes for families, for renters and for people of all different income levels,” the housing minister said. “Our aim with these targets is to work with municipalities to improve processes so we can get projects built quicker.” The highest target by far was handed to Vancouver, which is being asked to build 28,900 units over a five-year period.
The full list of housing targets is:
• City of Abbotsford- 7,240 units
• City of Delta- 3,607 units
• City of Kamloops- 4,236 units
• District of North Vancouver- 2,828 units
• District of Oak Bay- 644 units
• City of Port Moody- 1,694 units
• District of Saanich- 4,610
• City of Vancouver- 28,900 units
• City of Victoria- 4,902 units
• District of West Vancouver- 1,432 units
According to the province, the targets represent a 38-per-cent increase in housing compared to what would have been built without the imposed number, based on historic trends…
Source: bc.ctvnews.ca/
