Housing affordability has been top of mind for many Canadians, and on November 21, 2022, BC’s Attorney General and Minister Responsible for …
On November 24, the provincial government introduced into law the Housing Supply Act (the “Act”). Though it is not expected to come into effect until the spring of 2023, we write to provide an overview for readers that may be impacted.
In brief, the Act empowers the Minister of the soon-to-be-established Ministry of Housing to issue orders setting housing targets. The targets may be for the availability or affordability of housing, and they will apply to a specific municipality. The Act also sets out escalating steps that the Province may take against municipalities to enforce the housing targets applicable to such municipalities.
As published in the NRCA’s Northern Construction Connection December 2022 Newsletter, and VICA’s e-New.