Opinion: The party promised to deal with the housing crisis by investing an unprecedented $7 billion to build 114,000 units within 10 years.
The party promised in the 2017 election, a pledge renewed during the 2020 campaign, to deal with the housing crisis by investing an unprecedented $7 billion to build 114,000 units within 10 years.Sign up to know what's really happening by reading daily editorials and commentary by British Columbia's opinion leadersBy clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“Just in context of the considerable size of investment — in 2016, the housing budget was $24 million, and we’ve increased that now to $1 billion of investment across the province,” he said in an interview, trying to gild a weed.Article content “One of the challenges we deal with, same as the private sector, is getting through permitting and approvals,” Kahlon said. “That said, we have a lot of units online and we’re going to see a number of supportive housing units coming online.”Article contentThe government recorded a $1.3-billion surplus last year and is projecting a $5.7-billion surplus this year.
Still, some 7,000 are living in century-old Single Room Occupancy hotels that once housed lumberjacks and miners who were then the backbone of the economy. ts with ailments that restrict their mobility have been forced to remain in their rooms or painfully use the stairs.Article content It’s almost impossible to properly maintain and manage these buildings when welfare rates remain unconscionably low in one of the most expensive cities in Canada.
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