British Columbia Hatches $1.5 Billion Loan Plan to Boost Homebuilding

By Thomas Seal – Bloomberg

British Columbia’s government launched a program to accelerate the construction of thousands of affordable homes, backed with a C$2 billion ($1.5 billion) lending commitment and C$950 million in spending.

BC Premier David Eby said the new body will identify owners of low-cost land, bring them together with contractors and developers, then work with local governments to expedite planning approval.