B.C. Budget Tuesday to tell us how NDP plans to pay for promises
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VICTORIA — Tomorrow’s budget is expected to offer a glimpse at how the governing New Democrats plan to pay for their promise to create more affordable housing for families, students and seniors.
Finance Minister Carole James says the government is taking a multi-pronged approach to creating more options in a province where some seniors are forced to couch surf and working couples are living in basement rentals because they can’t afford a down payment on a home.
James says the budget will also includes measures to dampen speculation in the province’s red-hot real estate market.
Housing Minister Selina Robinson says the financial blueprint will outline a plan to involve all levels of government and community groups in increasing housing supply, but the crisis will not be solved overnight.
