Federal Housing Minister holding meetings with his provincial counterparts for ways to make housing more affordable

Federal Housing Minister Ahmed Hussen is holding meetings with his provincial counterparts, including officials from BC.

The ministers are searching for ways to make housing more affordable.

The gathering comes one day before the House of Commons finance committee hears from the head of the federal housing agency and the superintendent of financial institutions, the regulator of Canadian banks.

Statistics Canada says homeowner replacement costs across the country jumped nearly 14 per cent last month compared with 2020, and the Canadian Real Estate Association says the average home price in BC was more than 1.2-million dollars in 2021, up 15 per cent in just 12 months.