Federal budget housing initiatives steal a page from B.C. Premier David Eby

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Federal budget includes a $400-million top up to the Housing Accelerator Fund, which rewards municipalities with housing cash as long as they ease zoning rules.

The federal budget, unveiled Tuesday, took a big swing on housing, and analysts say many of the initiatives are borrowed from Premier David Eby’s housing agenda.

The federal Liberals also released the Canada Builds plan, which eyes underutilized federal land, including Canada Post and National Defence properties, in order to achieve the goal of building 3.87 million new homes by 2031. “We thought that there were a number of elements in B.C. Builds that were actually very useful and so we essentially took what Premier Eby has done and are looking to to use that across the country,” Wilkinson said. “The Eby government has been very engaged on the housing issue. They have been very collaborative in all of the conversations that we have had with them, and in fact, we have copied some of the programs that they have put in place.

It raises the question, Yan said, as to whether B.C. will get “first mover advantage” in the form of boosted financial support for housing initiatives that have been spearheaded in B.C. while the other provinces are still catching up. Since announcing the $4-billion fund in 2022, 15 B.C. communities have received funding. That’s out of 179 housing deals inked with communities across Canada.

 

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