The B.C. government says it is making changes to how home builders pay for new housing projects, in an effort to spur more development.
The changes announced include reducing upfront development costs, and a more flexible timeline for builders to pay.
Minister of Housing and Municipal Affairs Ravi Kahlon told reporters the government was committed to finding innovative solutions for home construction during a July 2 news conference about the government’s changes.
“These changes are about supporting housing development and easing the financial burden on builders and developers so they can get shovels in the ground faster to help unlock more homes for people in B.C.,” Kahlon said….