Premier Eby defends government subsidy of Vancouver condo building

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Premier Eby defends government subsidy of Vancouver condo building
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Eby's comments come after a report found the building was charging above-average rents

Premier David Eby is defending a B.C. housing development under scrutiny for charging rents considered unaffordable.

Under the terms of the agreement, the provincial government supported the private development company through a $31.8-million loan guarantee subject to interest payments. Eby said he will be"thrilled" when those 14 families move into the units, and said 77,000 individuals with families have moved into housing his government has helped to build across B.C.

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