BC Creates $500M Fund for Non-Profits to Buy Rental Buildings, Protect Tenants

B.C. Premier David Eby speaks after being sworn in as the province's 37th premier during a ceremony at the Musqueam Nation, in Vancouver, B.C., Nov. 18, 2022. The Canadian Press/Darryl Dyck

The British Columbia government announced a $500-million fund Thursday to help the non-profit housing sector purchase rental buildings and save them from “housing speculators and profiteers,” whose property flips often lead to tenant evictions.