"...(government) amounts are slated to increase in the next few years to a total of half a billion dollars for thousands of new units (of housing)".

Wow.

What a waste of tax money.

If the government at all levels had been doing its job, and had actually been protecting local workers from the flood of overseas money wanting to turn Vancouver and its real estate into a world resort bank-vault city...

... then local workers would not now have to burn half a billion dollars in their taxes in this foolish and maladaptive government move.

Building government-funded housing so that, hello, billions of dollars of overseas money can keep on buying up the existent houses that in any other era would be what the local workers would be buying for themselves?

Does the government expect local workers to somehow not notice how ridiculous these government moves are?