The British Columbia government says its 500-million-dollar rental-protection fund will help renters stay in their homes and keep their rents affordable.
The province has opened access to the fund that will help non-profit groups purchase rental buildings.
It was great to meet the Federal Minister of Housing @HonAhmedHussen and Ministers responsible for housing from across the country. We must build more affordable housing faster to address the challenges we are facing in BC and across Canada. pic.twitter.com/zBUxE28eGy
— Ravi Kahlon (@KahlonRav) June 28, 2023
It says more than 97-thousand units where the rent was below one-thousand-dollars a month were lost between 2016 and 2021.
The units were converted to condominiums, demolished or the price of rent went up.
