BC STORIES

Unfreezing the Market: Carney and Eby Unveil $3.2B Housing and Transit Package

Prime Minister Mark Carney and Premier David Eby announce a $3.2B plan to cut development fees and convert vacant condos into affordable housing in BC.

Published

3 months ago

on

A Major Subsidy to Lower Development Barriers

In a significant move to address British Columbia’s housing affordability crisis, Prime Minister Mark Carney and Premier David Eby announced a $3.2 billion joint funding initiative in Vancouver on Thursday. The center-piece of the announcement is a $1.6 billion federal commitment over the next decade—matched by the provincial government—aimed at slashing development cost charges (DCCs) by up to 50 per cent in priority communities. These subsidies, which could reach as much as $40,000 per unit, are designed to jumpstart multi-unit housing projects that have stalled due to rising costs.

The funding will be funneled through the federal government’s new Build Communities Strong Fund, redirecting general taxation revenue toward essential housing-enabling infrastructure. By covering the costs of water systems, wastewater management, and local roads, the government hopes to remove the financial burden currently placed on developers, which Carney noted has reached a level that is “pricing out people.”

Addressing the ‘Condo Overhang’

Beyond lowering development fees, Prime Minister Carney hinted at a more aggressive intervention to clear the glut of unsold real estate. With Statistics Canada reporting a surge in vacant, newly built units, the federal government plans to use specialized financing mechanisms to purchase these unoccupied condos and convert them into affordable housing. Under the Build Canada Homes and BC Housing partnership, officials aim to convert more than 2,200 vacant units into affordable dwellings, with specific models for this program expected to be released this fall.

Infrastructure and Transit Expansion

The announcement also included a massive boost for regional transportation, acknowledging that housing density must be supported by reliable transit. A $2.5 billion federal investment over 10 years was pledged for new transit projects, including the ongoing Surrey-Langley SkyTrain extension. This funding is on top of the previously announced $852 million for TransLink and BC Transit, marking a comprehensive effort to link housing growth with urban mobility.

Political and Economic Skepticism

Despite the influx of capital, the plan has met with mixed reactions from local leaders. Metro Vancouver chair and Burnaby Mayor Mike Hurley expressed caution, noting that “the devil will be in the details” and maintaining his stance that “growth should pay for growth.” Concerns remain regarding whether developers will pass these significant savings on to home buyers or if the subsidy will simply bolster corporate bottom lines. As BC’s real estate market remains one of the most expensive in North America, the success of this multibillion-dollar gamble depends on whether it can truly align housing prices with local incomes.

Related Topics:
Continue Reading

BC STORIES

Discover the Hidden Beauty of New Brunswick’s Waterfalls Through Drone and On-the-Ground Video

CBC videographer Roger Cosman explores New Brunswick’s hidden waterfalls using drone and ground footage, with tours including Walton Glen Gorge Falls.

Published

21 hours ago

on

September 5, 2026

By

Exploring Provincial Waterfalls

CBC videographer Roger Cosman is traveling across New Brunswick this summer to document the province’s hundreds of natural cascades. His journey relies on drone footage and on-the-ground exploration to capture these often-secluded scenic spots.

Featured Locations and Next Destinations

Cosman’s tour has covered multiple sites, including Pabineau Falls, Sand Brook Falls, Tetagouche Falls, Lepreau Falls, Wallace Falls, Welsford Falls, Little Sheephouse Brook Falls, and Fall Brook Falls. His latest footage highlights Walton Glen Gorge Falls along the Fundy coast, with Fuller Falls scheduled as the next stop on the itinerary.

Continue Reading

BC STORIES

Lower Mainland Illegal Gaming Investigation Leads to Charges and Cash Seizure

Two Lower Mainland residents face criminal charges after a B.C. illegal gaming house investigation yields cash, gaming gear, and illicit tobacco seizures.

Published

21 hours ago

on

September 5, 2026

By

Joint Investigation Uncovers Multiple Gaming Locations

An enforcement operation targeting illicit gambling in the Lower Mainland has resulted in criminal charges against two individuals. On Aug. 26, the B.C. Prosecution Service approved charges following an extensive probe by the Combined Forces Special Enforcement Unit’s joint illegal gaming investigation team. The investigation originally launched in March 2023 at a single site before expanding into inquiries regarding several gaming operations.

Thousands in Cash and Illicit Goods Confiscated

Executing multiple search warrants across properties located in Burnaby and Vancouver, officers gathered substantial evidence. Police seized approximately $240,000 in Canadian currency, around 145 kilograms of illegal tobacco products, gaming equipment, gaming tables, and various electronics, such as tablets, mobile phones, laptops, and digital video recorders. Officials confirmed that all confiscated equipment and illicit proceeds have been forfeited to the province.

Court Appearances Pending for Accused

Facing charges under section 201(1) of the Criminal Code for keeping a common gaming house are Shahrouz Younesi, 54, of Burnaby, and Xiaoyi Karen Zhang, 46, of Vancouver. In addition to the gaming charge, Younesi is charged with selling unstamped tobacco products. Both individuals are expected to appear in court on a future date.

Continue Reading

BC STORIES

Police Warn Ontario Homicide Suspect Believed to Be Hiding in Remote B.C. Backcountry

First-degree murder charges issued for Joseph Madore and Brayton Kennedy in Ontario homicide. Madore is believed to be hiding in remote B.C. backcountry.

Published

2 days ago

on

September 3, 2026

By

Upgraded Charges and Active Search

Two men wanted in connection with an Ontario homicide are now facing upgraded charges of first-degree murder as they remain on the run, according to an announcement by the Ontario Provincial Police on Thursday, Sept. 3.

Joseph Madore, 34, and Brayton Kennedy, 28, both hailing from Ottawa, were previously facing second-degree murder charges. Warrants have been issued for the arrest of both men, and authorities are warning the public that they remain at large.

Potential Locations and Local Connections

Investigators believe Madore may be in British Columbia, potentially camping or travelling through remote backcountry regions. He is reported to have ties to several B.C. communities, including Abbotsford, Chilliwack, Terrace, and Richmond. Kennedy is believed to potentially be in New Brunswick.

The search has previously touched B.C. soil. Following a search of a rural property in Terrace this past June, the RCMP alongside Ontario Provincial Police confiscated two firearms connected to the investigation. Arrest warrants for Madore and Kennedy were initially granted during the same month.

Homicide Investigation Details

The investigation began after Lanark County OPP responded to an incident at Last Duel Park in Perth, Ont., at 3:15 p.m. on April 12. Officers located 34-year-old Ottawa resident Christo Allison Richards suffering from life-threatening injuries. He was taken to a trauma centre, where he later died. Tofino-Ucluelet Westerly News reported that the victim was found with life-threatening wounds in Last Duel Park in Perth, Ontario.

Two additional individuals have already been charged in relation to the case. A 46-year-old Perth resident was charged with conspiracy to commit murder in May, and 32-year-old Lyna Du of Ottawa was charged with accessory after the fact to murder.

Public Safety Warning

Police advise anyone who spots either suspect not to approach them and to call 911 immediately. Anyone holding information about the whereabouts of Madore or Kennedy is urged to contact the Lanark County OPP at 1-888-310-1122, or submit anonymous tips through Crime Stoppers at 1-800-222-8477 (TIPS) or ontariocrimestoppers.ca.

Continue Reading

Trending