What’s driving inflation in BC is housing prices

Premier David Eby stated that British Columbia has the fastest-growing economy among large provinces in Canada but acknowledged that more needs to be done to improve affordability for residents. He emphasized efforts to reduce permit times and increase investment while addressing issues like child care and insurance costs. Eby criticized federal immigration policies for contributing to economic challenges and highlighted the impact of high interest rates on housing and inflation. He expressed hope that recent rate reductions by the Bank of Canada would mitigate economic impacts.

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