B.C. NDP Unveils Plan to Finance 40% of Home Prices for Middle-Income Buyers

The $1.29 billion annual initiative aims to support the development of 25,000 new homes over five years.

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.