New housing targets will bring thousands more homes

British Columbia's government set ambitious housing targets for municipalities to address ongoing shortages, with plans for 38,930 new homes by September 1, 2025. The targets reflect 75% of each community's estimated housing needs and are part of an expanded program to support growing populations. Guidelines outline the types of housing units required, focusing on affordability with over 14,000 designated as below-market rentals. Municipalities like Burnaby and Penticton are recognized for their proactive policies that align with these goals. The Province will collaborate with the federal government to secure infrastructure investments that recognize local efforts in tackling the housing crisis.

The targets align with the Housing Supply Act, which seeks to enhance housing availability and affordability. Since 2017, over 93,250 homes have been delivered or are underway across British Columbia, highlighting the government's commitment to addressing housing needs. These initiatives form part of the Province's broader Homes for People action plan, building on significant investments in housing.