SURREY, BC, Aug. 26, 2025/ CNW/ – The Federal government of Canada is providing over $ 326 million to British Columbia this year to construct more powerful and more linked neighborhoods.
Our neighborhoods can just grow to support more real estate when there are financial investments in fundamental facilities tasks– like public transit, water supply, and regional roadways and bridges. With today’s statement, that is precisely what the Federal government of Canada is providing on.
With the financing revealed today, neighborhoods can construct both the necessary and leisure facilities that enables households in Canada to prosper.
For instance, in Surrey, CCBF financing is supporting the building and construction of a brand-new sports field, improved lighting, and security enhancements at Tamanawis Park, developing a more secure and more available area that promotes active way of lives and reinforces neighborhood connections.
The Canada Community-Building Fund supplies neighborhoods with the versatility to tactically resolve present and future facilities requirements and is administered in British Columbia by the Union of B.C. Municipalities.
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” Structure a strong Canada begins with constructing strong neighborhoods. We are purchasing brand-new facilities tasks that support real estate and foster linked neighborhoods. Our financial investment in neighborhoods throughout British Columbia strengthens our dedication to constructing vibrant, constructing strong, and structure together.”
The Honourable Gregor Robertson, Minister of Real Estate and Facilities and Minister accountable for Pacific Economic Advancement Canada
” From much better parks and sport courts to transit and water supply, individuals prosper when their neighborhoods have the facilities that makes life much better for everybody. This financing is assisting city governments throughout B.C. react to development by purchasing facilities that supports real estate and makes neighborhoods more habitable for individuals and households.”
The Honourable Christine Boyle, Minister of Real Estate and Municipal Affairs
” The Canada Community-Building Fund has actually supplied assistance to B.C.’s neighborhoods for over twenty years. This essential financing from the Federal government of Canada empowers city governments to purchase vital facilities, enhance our neighborhoods, and support long-lasting sustainability and development. Its distinct program style is a winner and has actually helped the building and construction of countless tasks in our province.”
Trish Mandewo, President of the Union of British Columbia Municipalities
Quick truths
- The Canada Community-Building Fund (CCBF) will provide $ 26.7 billion in between 2024-2034 in federal financing to catalyse core facilities financial investments. In 2025-26, the CCBF will supply $ 2.5 billion to 3,700 neighborhoods throughout Canada to support regional facilities concerns.
- In 2025-26, British Columbia will get $ 326,092,245 to make tactical facilities financial investments throughout 19 job classifications. Given that 2015, the federal government has actually invested $ 29.1 billion throughout Canada through CCBF, consisting of more than $ 3.1 billion in British Columbia neighborhoods.
- In British Columbia, CCBF is administered by the Union of BC Municipalities and is provided through 3 program streams:
- Strategic Priorities Fund: For application-based regionally helpful tasks that line up with set concerns.
- City Vancouver Regional Fund: For local transport financial investments.
- Neighborhood Functions Fund: Dispersed to city governments based upon population and development.
- Today’s statement is for the Neighborhood Functions Fund stream.
- The CCBF is an irreversible, indexed source of financing supplied to provinces and areas, who in turn circulation this financing to city governments and other entities to support regional facilities concerns.
- The CCBF ties access to moneying to actions by provinces, areas, and towns to support facilities tasks that assist increase real estate supply and construct linked neighborhoods.
Associated Products
Associated Hyperlinks
Canada Community-Building Fund
Canada Community-Building Fund in British Columbia
Fixing the Real Estate Crisis: Canada’s Real Estate Strategy
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SOURCE Department of Real Estate, Facilities and Neighborhoods