BC Changes Cost Regulations for Home Builders to Increase Construction

Condos and apartment buildings are seen in downtown Vancouver, B.C., on Feb. 2, 2017. The Canadian Press/Darryl Dyck

The B.C. government says it is making changes to how home builders pay for new housing projects, in an effort to spur more development.

The changes announced include reducing upfront development costs, and a more flexible timeline for builders to pay.