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Housing minister says B.C. in talks with Ottawa over cutting development cost charges
British Columbia's Housing Minister Christine Boyle says the province is collaborating with the federal government to fund infrastructure needed for building more homes in the province.
The partnership aims to reduce fees charged to developers for infrastructure like roads, transit, water, and parks while addressing municipal concerns about funding shortages.
The federal and B.C. governments will match up to $3.2 billion over 10 years to reduce development charges by up to 50% for multi-housing units in priority communities.
Negotiations include reducing development costs in high-growth areas while ensuring municipalities are compensated.