Mark Carney announces major Canada–BC infrastructure partnership - Speech Brief
18 June 2026 19:00 UTC · Prime Minister of Canada · PMO News Release · Source · Email X Link

Mark Carney announces major Canada–BC infrastructure partnership

Key points

  • Over $5 billion federal investment in B.C. local infrastructure
  • Targeted housing, health, transit, and community project funding and condo conversion measures

TL;DR

  • Government of Canada will invest more than $5 billion in British Columbia local infrastructure over the next 10 years through the Build Communities Strong Fund (BCSF).
  • BCSF will provide nearly $1.6 billion over 10 years (matched by B.C.) to lower development charges and expand housing-enabling infrastructure, and more than $600 million over three years (matched by B.C.) to modernise health infrastructure.
  • Federal measures include a one-time $284 million transfer to B.C. to reduce construction barriers and a Canada-British Columbia Partnership on Condo Conversion to convert over 2,200 vacant condo units into homes.
  • The Canada Public Transit Fund will invest $2.5 billion over 10 years for transit projects, and the federal and provincial governments will each provide $100 million for new Tumbler Ridge infrastructure including a secondary school and health centre renovations.
Original text

The world is changing rapidly. In response, a confident Canada is choosing to build. Canada’s new government is building major projects – new ports, mines, highways, and energy infrastructure – that will transform our economy and unlock billions of dollars in new investment for Canadian workers and businesses. In parallel, we are investing in the infrastructure that Canadians rely on every day: houses people can affo...

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