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BC Government Announces 30 point housing affordability plan.

Posted by robinson on February 21, 2018
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This Tuesday (20th) the BC Government announced their 2018 budget with focuses on housing, education, health care and overall affordability for families in our Province.   (You can read the press release here: http://bcbudget.gov.bc.ca/2018/highlights/2018_Highlights.pdf )

As part of the budget, they introduced the 30 point housing affordability plan which addresses vacant housing and speculation amidst the current housing crisis which is leaving thousands of people struggling to find affordable places to live.  The 30 point plan is broken down in to 5 main sections: Stabilizing the Market, Cracking down on tax fraud and closing loopholes, Building the homes that people need,  Security for renters and Supporting partners to build and preserve affordable housing.   We’ve outlined the affordability plan goals for you:

Stabilizing the Market, Cracking down on tax fraud and closing loopholes, Building the homes that people need, Security for renters and Supporting partners to build and preserve affordable housing

Some of the measures set out in the plan may have little to no affect on things here on the Sunshine Coast,  however the points that address partnerships with for-profit developers and security for renters will absolutely provide benefit for some of our residents.  The plan likely will not curb rising housing prices or cause them to decline on the Sunshine Coast as some may have hoped, it may provide opportunities for more affordable housing in the community in terms of rentals, which is much needed.

You can read the full 30 point plan here: http://bcbudget.gov.bc.ca/2018/homesbc/2018_Homes_For_BC.pdf

If you have any questions, please don’t hesitate to email us at: info@therobinsongroup.co or reach out to one of us individually:

Lynnette Robinson
604-740-6030 / lynnette@therobinsongroup.co

Cody Robinson
778-997-8844 / cody@therobinsongroup.co

Randi Thomas
778-834-6156 / randi@therobinsongroup.co

 

 

 

 

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