Premier Eby sees fresh Vancouver housing project as model for all B.C.

A new housing development in Vancouver aims to provide 2,600 units on Indigenous land, with the provincial government covering 40% of the financing costs, totaling $672 million. Eligible buyers will finance the remaining 60% through 99-year strata leaseholds from three First Nations. The initiative targets first-time home-buyers and aims to make housing more affordable, with significant price reductions for various unit sizes. Premier Eby emphasized the project's potential to be replicated across B.C. as part of a broader housing strategy.