B.C. and the University of British Columbia will spend more than half a billion to build a housing complex with more than 1,500 units on the university's Vancouver campus.
Premier David Eby Tuesday said a new student housing complex worth more than $500 million at UBC-Vancouver will help free rental housing across Metro Vancouver.
The provincial contribution will be $300 million, while the university will contribute another $260 million. Construction is scheduled to get underway in the fall of 2026 with the first rooms set to open in the fall of 2028. "We are on target and we are going to hit our target of building 8,000 beds in student housing within 10 years," Eby said."We reached that goal four years early...and because of our strong partnership with colleges and universities across the province we have been able to work together to increase that goal to 12,000 beds by 2028 and today's announcement is part of that work," he said.
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