Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday. The province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability, the association said…
British Columbia’s latest budget has earmarked billions of dollars in new spending to tackle the province’s housing crisis, but the very same document shows the province is falling behind when it comes to getting shovels in the ground. Estimates in the NDP’s latest three-year fiscal plan showed 46,721 new housing starts in B.C. last year, but projected a 16.5-per cent…
