Source Feed: The Globe and Mail
Author: Chuck Chiang
Publication Date: July 2, 2025 - 16:48
B.C. easing rules on upfront costs for homebuilders in bid to jump start project construction
July 2, 2025
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.
For the hundreds of Canadian steelworkers who lost their jobs this year amid President Donald Trump’s trade war, talk of reaching a trade deal between Canada and the U.S. is coming too little, too late.
For Trump, the effects — driving down imports, boosting the U.S. steel industry and winning concessions from Canada — seem to be getting him what he wants.
Initially faced with a 25 per cent tariff on exports to the U.S., which ballooned to 50 per cent in June,
Canadian steel is desperate for a resolution.
Trump imposed the levies under
Section 232 of the Trade Expansion Act,...
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