However the GEPP could be applied to existing unsold inventory -- already completed homes that are waiting for buyers. Here's how it compares for just Metro Vancouver:
Pitch: Government Equity Partnership as Build Canada Homes Pilot
The Problem with BCH: Build Canada Homes allocates $35B over 10+ years to eventually build 500,000 units annually. But 3,493 completed units sit empty in Metro Vancouver alone right now.
The Solution: Redirect $428M from BCH to activate existing inventory immediately.
Immediate Impact Comparison
| Metric | BCH Traditional | Equity Partnership |
|---|---|---|
| Timeline | 10+ years to full capacity | Immediate housing activation |
| Per-unit cost | $70K financing | $175K equity investment |
| Units activated | Future construction | 2,445 existing empty units |
| Government position | Loan creditor | Equity owner with appreciation |
| Risk profile | Construction/market risk | Completed asset, market-proven |
Why This Works Better
Speed: 2,445 families housed immediately vs. waiting for construction
Economics: Government builds $428M real estate portfolio vs. hoping for loan repayment
Market efficiency: Activates wasted completed inventory vs. adding more supply
Political win: Immediate results vs. decade-long promises
The Ask
Allocate $428M from BCH's $35B budget to launch Government Equity Partnership in Greater Vancouver. Use immediate results to prove the model, then scale to other markets with unsold inventory.
Bottom line: For 1.2% of BCH's budget, deliver immediate housing for 2,445 families while building government assets, not debt.
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