B.C. easing rules on upfront costs for homebuilders in bid to jump start project construction

The British Columbia government is loosening the rules for payment of development fees in a bid to jump start home construction that has been hampered by upfront costs.

Housing Minister Ravi Kahlon says among the biggest changes will be more flexible and extended payment timelines for homebuilders, so instead of paying development fees up front, they will pay 25 per cent at permit approval and 75 per cent when the building is occupied.