Ci6-Sunday News, August 17, 1980

oe Sone a : VICTORIA (UPC)

oa : B.C, Housing Minister
Jim Chabot says the
province was tired of
waiting for Ottawa to
provide incentives to
house builders and will
prepare to act on its
own.

Chabot said recently the
failure of the federal
government to reintroduce
capital cost allowance incen-
tives to builders means
British Columbia will have to
enact its own program to
alleviate the current housing
shortage.

He said he will ask the
provincial cabinet to provide
funds for a housing program,
despite recent orders from

Finance Minister Hugh
Curtis to cut back on
spending.

George Robb

4 ovis Wie
7 . a” ee %

Can‘t wait for Ottawa

“The (housing) crunch is
sufficiently serious, I would
think, that we would have to
make financial provisions to
meet that crunch,” Chabot
said.

But even if B.C. goes it
alone, it will still need an
agreement with Ottawa’ to
ensure that incentives
provided to builders are not
taxed away by the federal
government, Chabot said.

The minister said 4,700
housing units would be built
before the end of the year
under the government's $200
million program to lower
mortgage rates.

The program, introduced
in January as a means of
rejuvenating B.C.’s_ con-
struction and = forest in-
dustries, lowered mortgage
rates to 9% per cent for
individuals building new
homes or apartments.

Drew Finerty

all us today.

The Rea! Estate Showcase can put your home

or your listings ‘on view’ across the whole North
Shore. When you want to advertise in the Real
Estate Showcase, call us

980-0511

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THE DEEP COVE Marina bs a great jumping off place to explore scenic Indian arm in the background. (Ellsworth
Dickson photo)