“B.C. boasts Canada's strongest economy and lowest jobless rate, but growth is threatened by a shortage of affordable housing for workers and their families,” says Premier John Horgan. Mayor Lisa Helps said a recent regional study concluded the Victoria area will need 34,000 more rental units by 2038.Catherine Holt, the chamber's chief executive officer, said she agreed with Horgan about the housing problem, adding that the Victoria area needs affordable housing for workers bypassing good jobs because they can't find places to live. Last year, the province promised to invest $7 billion in a decade-long affordable housing strategy.
Source: https://www.timescolonist.com/b-c-premier-says-affordable-housing-crunch-hurts-province-s-growth-1.23646641
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