A high-level plan to disrupt housing supply in BC was announced by the province on Monday.
“Even though our province is currently building more housing than ever before, it’s just not enough to meet the need," BC Premier David Eby said in a news release.
The province identified four areas of focus that it says will increase the number of available homes, make them more affordable, help people in need and reduce the appeal of homes as short-term investments.
Most of the changes will come after legislation is introduced in the fall, though critics are questioning whether the proposals will inadvertently make housing less affordable.
"Everyone agrees that we need more housing supply," Chamber CEO Bruce Williams said. "There are some positive ideas in this announcement but we'll need to see more details to know how this will impact things like municipal governance and how realistic the plan is, given the dire need for more skilled workers to build enough homes to meet demand."
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