UBCM hosts Housing Summit
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PRINCE GEORGE – “Make no mistake, the current situation is dire, but I am hopeful. Things are beginning to improve and here’s why. Each order of government – local, provincial and federal – has tools and powers to contribute to restoring affordability and attainability in BC.”
That is the president of the Union of BC Municipalities, which is hosting its first-ever housing summit to look at the challenges and possible solutions to the crisis in housing. And even though Prince George has added rental housing in recent years, it is still problematic.
“Affordable housing is based on no than 30 percent of their earning wages,” says Mayor Simon Yu. “Now, that is not the case. We’re talking about young professionals having to pay over 50 percent sometimes. So that is very bad for the economy.”
