Hey there, housing enthusiasts! 📢 Today, we've got some hot-off-the-press news to share with you. Straight from a September 27, 2023 article in CMP magazine, British Columbia is setting its sights on addressing the housing crisis with a bold plan. 📰

First, the Basics: The British Columbia government is rolling out its housing game plan, complete with housing targets for ten cities and municipalities across the province. Housing Minister Ravi Kahlon is taking the lead, and here's the deal:

🌆 These communities, primarily in Metro Vancouver and Greater Victoria, have been given a five-year mission 🚀 to meet these new housing targets set out in the plan. 🔍 After just six months, the province will check progress, and if things aren't moving in the right direction, they might bring in an "independent person" to help. But let's hope it doesn't come to that! 🤞

The Nitty-Gritty: So, what are these targets, you ask? Well, if all goes according to plan, these ten communities will see a whopping 30% increase in housing construction compared to previous plans. 📈

But here's the twist: British Columbia is charging ahead with these targets even without a guaranteed federal funding commitment. They're eager to get things rolling because, frankly, they can't afford to wait much longer. The housing crisis is hitting hard, with people living in encampments and parks and others teetering on the edge due to global inflation pressures. 😟

Targets Galore! Let's break down some of these housing targets:

• Vancouver is looking at 28,900 units.
• Abbotsford is aiming for 7,240 units.
• Victoria is in the game with 4,902 units.
• Saanich has its eyes set on 4,610 units.

And there are more targets for municipalities like Kamloops, Delta, Oak Bay, Port Moody, West Vancouver, and North Vancouver District. 🎯

Community Voices: The City of Vancouver is all in, pledging their "full commitment" to the plan. Mayor Ken Sim says they're ready to meet or even exceed the provincial targets through zoning and permitting changes. 👏

Delta Mayor George Harvie chimes in, saying they need help from the province to make their housing goals a reality, including provincial funding and legislative changes. 🏘️

But Wait, There's a Twist! Not everyone is thrilled with the targets. Abundant Housing Vancouver thinks that Vancouver's target of 28,900 units doesn't go far enough, considering the severity of the city's housing crisis. They believe it should be tripled! 😮

What's Next? British Columbia isn't stopping at these ten municipalities. They plan to select another ten by the end of the year, followed by another ten six months after that. 📆

Federal Support? While British Columbia is charging ahead, there's a bit of uncertainty when it comes to federal support. Premier David Eby met with federal ministers and Prime Minister Justin Trudeau to discuss coordination between all levels of government. The federal government did announce a $4 billion Housing Accelerator Fund in their 2022 Budget, which could help, but details are still in the works. 🤝

Final Thoughts: With the housing crisis affecting communities, British Columbia is taking a proactive approach to tackle the issue head-on. It's a race against time, and they're not waiting around! 🏁

Let's hope this ambitious plan can make a dent in the housing crisis and provide much-needed relief for residents. Stay tuned for more updates! 🤗 #HousingCrisis #BCPlan #AffordableHousing #CommunityAction #BCNews #VancouverMortgageBroker #NorthVancouverMortgageBroker #WestVancouverMortgageBroker #BurnabyMortgageBroker #CoquitlamMortgageBroker #PortMoodyMortgageBroker #NewWestminsterMortgageBroker #SurreyMortgageBroker #LangleyMortgageBroker #AbbotsfordMortgageBroker #MissionMortgageBroker #MapleRidgeMortgageBroker #PittMeadowsMortgageBroker #ChilliwackMortgageBroker #KelownaMortgageBroker #VernonMortgageBroker #VictoriaMortgageBroker #VancouverIslandMortgageBroker #BestMortgageRates #BestMortgageBroker 🏡🍁