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Penticton to Get Provincial Housing Targets, and Potential Funding

  • B.C.'s Housing Ministry announced on May 29, 2025, that it will add 12 communities, including Penticton, to the housing targets list.
  • The government expanded the program to include municipalities identified under the speculation and vacancy tax, focusing on areas experiencing strong demand and low housing availability.
  • Each community will receive specific housing unit targets with benchmarks to meet, continuing the program initiated under the Housing Supply Act.
  • Housing Minister Ravi Kahlon emphasized that as additional municipalities are included in the housing targets initiative to address the rising need for homes, collaboration with local governments will remain a priority.
  • This addition supports Penticton and others in accelerating homebuilding to meet population needs while accessing potential funding like the $1-billion Growing Communities Fund.
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B.C. to create housing targets for 12 more municipalities

Municipalities chosen due inclusion in the list of communities subject to the speculation, vacancy tax

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Today In BC broke the news in on Thursday, May 29, 2025.
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