B.C. housing minister says first-time home buyer program attracting applicants
VANCOUVER — British Columbia’s housing minister says a program to help first-time homebuyers received applications within hours of launching.
Rich Coleman said that within six hours of the provincial loan program’s launch on Monday, 29 applications had been submitted.
He said the province would be ready to approve eight of the applications by Tuesday for the loan that is interest- and payment-free for five years.
“This opportunity will change a number of lives,” Coleman said.