Role of government
Making sure there's enough affordable housing in B.C. is a joint responsibility across all levels of government. Here's an overview of what the different levels of government do with respect to housing.
- Adopting growth strategies and plans that encourage affordable housing units
- Nurturing a regulatory environment that's "housing-friendly" by allowing secondary suites or promoting increased density and housing options
- Providing pre-zoned land for development and higher-density transit
- Offering property tax incentives and targeted reductions to build or renovate affordable housing
- Streamlining development approval processes
First Nations governments provide housing for Indigenous Peoples in many areas of the province.
- Addressing housing affordability through a strategic housing action plan
- Regulates real estate development / marketing, home warranty insurance on new homes, landlord-tenant agreements, land use planning and development finance
- Provides the legislative framework for strata housing and strata developments
- Invests in public transit
- Partners with local governments, non-profit agencies and housing stakeholders through BC Housing, a crown corporation.
- Funds social housing programs and projects
- Maintains the BC Building Code, creating efficiencies so that it's easier to approve options such as secondary suites
- Develop uniform technical standards that simplify building code compliance
- Announced the National Housing Strategy, a 10 year commitment to reinvest in affordable and social housing (November 2017)
- Partners with the provincial government and invests in affordable and social housing
- Provides funding for affordable housing projects
- Provides financial assistance through tax credits and exemptions (e.g. the First Time Home Buyer’s Tax Credit, Home Buyers’ Plan and capital gains tax exemption)
- Provides mortgage loan insurance
- Researches the housing market and related topics through the Canada Mortgage and Housing Corporation
The content on this website is periodically reviewed and updated by the Province of British Columbia as per the date noted on each page: February 19, 2018.