The Canadian Press British Columbia’s New Democrats have unveiled a plan that Leader David Eby says will help middle-income families purchase a home by financing 40 per cent of the price. The plan commits up to $1.29 billion per year in financing to help middle-income people buy their first home, while supporting the development of up to 25,000 new units over five years. A statement from the NDP says the government would partner with non-profit organizations, local governments, First Nations and market-housing providers to identify land and projects for development. It says government financing and the use of low-cost land would allow builders to offer units for sale at 40 per cent below market prices, and buyers would need to come up with the remaining 60 per cent. When the… <\/p>\n
The Canadian Press British Columbia’s New Democrats have unveiled a plan that Leader David Eby says will help middle-income families purchase a home by financing 40 per cent of the price. The plan commits up to $1.29 billion per year in financing to help middle-income people buy their first home, while supporting the development of up to 25,000 new units over five years. A statement from the NDP says the government would partner with non-profit organizations, local governments, First Nations and market-housing providers to identify land and projects for development. It says government financing and the use of low-cost land would allow builders to offer units for sale at 40 per cent below market prices, and buyers would need to come up with the remaining 60 per cent. When the... <\/p>\n