British Columbia is strengthening its work to build more homes for people through a new partnership with the federal government, through Build Canada Homes.

The combined investments will help accelerate a range of construction-ready projects in B.C., ensuring more homes get built and opened for people sooner.

“This new funding marks a meaningful collaboration with Canada that shows confidence in the work we’re doing here in B.C. to deliver homes for people,” said Christine Boyle, B.C.’s Minister of Housing and Municipal Affairs. “With many B.C. projects already prepared to move into construction, this additional support means we can break ground faster and deliver more homes sooner for the people who need them most.”

B.C. will receive $170 million in capital funding from the federal government through Build Canada Homes. In turn, B.C. will commit as much as $200 million in capital funding, along with as much as $27 million per year in operating subsidies for at least 10 years.

While details are being finalized, the Province has proposed a range of projects that can advance quickly once funding is in place. These are projects that can start construction within the next 12 months. In addition, the federal investment unlocks $170 million of provincial funding, enabling the Province to explore a future funding partnership to advance at least 400 more homes using innovative tools and modern methods of construction.

“Every Canadian deserves a safe, affordable place to call home and partnerships like this are how we turn our ambition into a reality,” said Gregor Robertson, federal Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada. “Working together with the Province of British Columbia, your government is moving projects from plans to shovels in the ground. Through Build Canada Homes, we’re accelerating construction, strengthening communities and delivering real housing solutions that will make life more affordable for families across B.C. and Canada.”