cross-posted from: /c/britishcolumbia

“For too long, the idea of home ownership has been out of reach for way too many people — people who earn a decent income, who are priced out of the market and do not see any path to home ownership,” said Premier David Eby, speaking at the project unveiling on Thursday.

  • a9249
    2·
    52 minutes ago

    700,000 is “Affordable?” ???

    • Dave@lemmy.nz
      1·
      36 minutes ago

      I’m not up with the play but I’m on the opposite side of the world to Vancouver and I distinctly remember it being used as an example of where house prices are utterly insane. It’s basically the poster child of the housing market being fucked.

  • sbv@sh.itjust.worksEnglish
    1·
    3 hours ago

    Eby said the 40 per cent from the province is not a grant or ongoing subsidy, but financing that is to be repaid at the end of 25 years, or when the owner sells.

    Is that an exclusive or an inclusive “or”?

    • HubertManne@moist.catsweat.com
      1·
      1 hour ago

      yeah sorta needs a whichever comes later in which case I would take that deal. Sorta funny though. Like bundling a mortgage and reverse mortgage at the same time.