The strategy commits $40 billion over ten years through federal funding, provincial and territorial grant matching and low-interest loans.Several commitments relate to BCREA's housing affordability recommendations:
- Increasing supply: Up to 100,000 new housing units will be created, and up to 300,000 existing housing units will be repaired and renewed.
- Promoting density and local government best practices: Provincial, territorial and local governments will be encouraged to adopt inclusionary zoning provisions, accelerated municipal approval processes and waiving of development charges and fees.
- Consumer assistance: The strategy promises $500 million to subsidize rental costs for low-income renters and $4 billion in direct assistance to families and individuals. It also commits to exploring ways to make mortgage loan insurance more widely available.
- Evidence-based policy decisions: The strategy promises $241 million to enhance housing research, data and demonstrations.