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B.C. Expands Housing Targets to 10 More Cities, Aiming for 40,000 Homes in Five Years

Targets take effect Sept. 1, reflecting 75% of local need with guidance on unit mix, tenure and below‑market rentals.

Recently the mayor of Langford, B.C., announced grants to help homebuyers cover their down payments on two bedroom condominium worth up to $450,000 making it more affordable for locals. Various condo projects are photographed in Langford, B.C., Friday, Oct. 22, 2021. THE CANADIAN PRESS/Chad Hipolito
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Condo towers are seen rising around Brentwood Station in Burnaby in this undated file photo.
File photo of the Westhills neighbourhood in Langford.

Overview

  • Burnaby received the largest order at 10,240 homes, while Coquitlam, Richmond and the Township of Langley each exceeded 6,000 units in the new five‑year mandates.
  • Langford was assigned 2,993 net new homes and Courtenay 1,334, bringing their combined target to roughly 4,300 units.
  • Vernon’s target is 1,829 homes, as the city pursues a task force to secure land for non‑market housing in response to identified local needs.
  • The province says more than 14,000 units in this cohort should be below‑market rentals, with additional guidance covering unit sizes and ownership versus rental.
  • Municipalities must report progress annually, with potential intervention via special advisors and binding directives; the province reports over 16,000 homes already built in the first 30 target communities.