Cover image for Why local B.C. governments aren't cheering on the provincial and federal 'bailout' of the housing sector
Canada 23 Jun 2026

Why local B.C. governments aren't cheering on the provincial and federal 'bailout' of the housing sector

A week after the federal and provincial governments announced new subsidies for the development sector, mayors in British Columbia say the details are as empty as the province's thousands of unsold condo units.

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A week after the federal and provincial governments announced new subsidies for the development sector. Mayors in British Columbia say the details are as empty as the province's thousands of unsold condo units. A week after the federal and provincial governments announced new subsidies for the development sector. Mayors in British Columbia say the details are as empty as the province's thousands of unsold condo units. "Very large numbers announced by the federal government sometimes aren't that large of numbers when they get distilled down to what their actual delivery is." Last Thursday, Prime Minister Mark Carney. And B.C. Premier David Eby announced they would spend $3.2 billion over 10 years to lower development charges in multi-unit housing. And "leverage innovative financing tools" to "convert" more than 2,200 empty condo units.

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