B.C. Housing Construction Slows

This is a B.C. news story, published by vancouversun, that relates primarily to SAFER news.

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further construction slowdown

vancouversun

•

Business

Business & Economics

B.C. housing starts fell last year. Industry leaders fear trade war will make it worse

Summary

Nutrition label

72% Informative

Housing construction in B.C. has slowed down more than the provincial government’s earlier projections.

Housing starts in the province fell by 9.2 per cent between 2023 and 2024 , a deeper drop than a year ago .

Industry leaders skeptical about prospects for a quick rebound from the trade war.

Housing industry: "These are difficult, difficult times. These are going to get worse".

About 1,600 additional seniors will be able to access the Shelter Aid for Elderly Renters program with the province increasing the income threshold from $ 37,240 to $ 40,000 .

The average supplement seniors receive through SAFER will increase from $ 261 to $ 337 per month.

The changes are expected to cost $375 million over the next three years .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive