The Globe and Mail: The federal and B.C. governments will spend up to $3.2-billion over 10 years to fund infrastructure, requiring municipalities to cut development charges by up to 50 per cent for three years.
The two governments also plan to use financing tools to convert roughly 2,500 unsold condo units in B.C. into affordable homes.
Prime Minister Mark Carney said the reduction in development fees could cut costs on a new unit by up to $40,000…