Federal budget borrows big from B.C. with new ‘Canada Builds’ housing plan

WATCH: Some of the federal government's promises to address housing affordability and shortages may look familiar to British Columbians. As Richard Zussman reports, the Liberals are hoping what works here will work in the rest of Canada too.The federal government has earmarked $8.5 billion for housing initiatives, with a goal of building 3.87 million homes by 2031.

Benchmarks include building on government, non-profit, community-owned and vacant lands, considering access to childcare in the development process and cutting development approval timelines to 12 to 18 months. “We are prepared to accept all of the money from other provinces, we have already implemented everything the federal government wants other provinces to do,” Eby said.It does not, however, include major new taxes on Canada’s top-earning companies, prompting the BC Green Party to call for a B.C. windfall tax on the oil and gas industry.“Last year they took home $25 billion in profits just in Canada alone,” BC Green Leader Sonia Furstenau said.Other budget highlights for B.C.

The budget provides funding for several arts and culture initiatives in B.C. It promises an unspecified package of new funding for the Vancouver Fringe Festival from a $31-billion commitment to the Department of Canadian Heritage Canada Arts Presentation Fund.Another $1.8 million to the Indus Media Foundation in Surrey is being funded to help the completion of a short film highlighting the shared military heritage of Canadian and Indian soldiers in the First and Second World War.

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