Overview

• The plan targets first-time, middle-income homebuyers, offering loans to cover 40% of the purchase price.
• The provincial government will partner with non-profits, local governments, First Nations, and market-housing providers to identify land and projects.
• Buyers will need to repay the provincial contribution plus 40% of the home's appreciation value upon selling, or after 25 years.
• The initiative includes up to $1.29 billion per year in financing to support the construction of up to 25,000 new homes.
• This model expands on a recent project in Vancouver with the Musqueam, Squamish, and Tsleil-Waututh First Nations.