BC Issues Housing Supply Targets For Burnaby, Coquitlam, Richmond, And More

The Government of British Columbia has set housing supply targets for ten additional municipalities, including Burnaby, Coquitlam, and Richmond, bringing the total to 40. These targets span five years and are part of the Housing Supply Act, which aims to address the provincial housing crisis. The new cohort of municipalities begins their targets on September 1, 2025, aiming to fulfill 75% of their housing needs by 2030. The announcement follows the implementation of targets for three previous cohorts since September 2023.