Canada and B.C. form partnership to accelerate homebuilding, lower costs, and build new local infrastructure
Posted June 18, 2026 3:08 pm.
Last Updated June 18, 2026 7:31 pm.
Prime Minister Mark Carney and Premier David Eby, announced a partnership between the Government of Canada and the Government of B.C. that will “transform, connect, and modernize communities across the province.”
Over the next 10 years, Canada’s government is investing more than $5 billion in B.C.’s local infrastructure.
CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE!Through the federal government’s new Build Communities Strong Fund (BCSF), investments will be made in several places, including developments for apartment buildings, hospitals, and community infrastructure projects.
The federal government will provide $1.6 billion, to be matched by the B.C. government, over 10 years to develop multi-unit housing.
More than $600 million over three years, matched by B.C., to modernize and expand health infrastructure such as hospitals, emergency rooms, and urgent care centres.
Up to $50 million over five years for community infrastructure projects in coastal communities, with priority for projects in Terrace and Prince Rupert.
To further accelerate home-building in B.C., the government of Canada has introduced legislation that would provide a one-time payment of $284 million to B.C. to reduce barriers to new construction.
“Canadians gave our government a clear mandate to build a stronger country – one where people are empowered with more opportunities, lower costs, safer communities, and homes you can afford,” said Prime Minister, Mark Carney. “We’re working in partnership with the Government of British Columbia to deliver – building affordable homes, modern transit, and new community spaces all across B.C. Together, we’re building a stronger British Columbia, and a stronger Canada for all.”
With the Canada-B.C. Partnership on Condo Conversion, through Build Canada Homes and BC Housing, more than 2,200 vacant condos will be converted into affordable homes.
“This is one of the fastest and most efficient ways to increase housing supply – welcoming British Columbians to new, affordable homes as quickly as possible,” read a release from the government.
The Canada Public Transit Fund (CPTF) will see the federal government invest $2.5 billion over 10 years for new transit projects like the Surrey-Langley SkyTrain extension project.
“At a time when global uncertainty is creating real pressure here at home, British Columbians expect governments to come together and get things done. This partnership builds on the strong steps B.C. has taken on housing, by making it easier to build homes and investing in the infrastructure communities rely on,” said Premier David Eby. “That means more homes people can afford, better services, and more good job opportunities as we work together to strengthen B.C. and Canada.”
