A person leaves a civic election polling station in Vancouver, on Saturday, Oct. 15, 2022. British Columbia goes to the polls in the 2024 election on Oct. 19.Eby unveiled his Opening Doors to Homeownership plan, aimed at helping first-time homebuyers.
The BC NDP leader said the plan would help eligible families purchase their first home, with the province financing 40 per cent of the price. “Everywhere I go, families tell me they dream of buying their first home – but decades of rampant speculation in the market has put it out of reach for too many,” Eby said in a statement.
“Our plan will make that dream come true for thousands of first-time, middle-class homebuyers by substantially reducing the listing price and the mortgage you will pay.”Story continues below advertisement The contribution from the provincial government is repaid, along with a share of the appreciation, when the owner sells the unit, or after 25 years, the party explained.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.The proposal uses the same model as a project Eby recently announced with the Musqueam, Squamish and Tsleil-Waututh First Nations.