Photo: PMO file photo The federal government is providing a $1.4 billion loan to a Vancouver First Nation to build 3,000 homes on land that was once an ancient village that was burned and expropriated a century ago. The Squamish Nation says the development is the largest Indigenous-led housing and retail development in Canadian history. The residential and commercial development located on the reserve will be built on top of Vancouver’s False Creek, land returned to the country by the courts in 2003. Premier Justin Trudeau says the development’s additional supply of rental units has the potential to change both the pricing and availability of housing in Vancouver. When completed, the Senakw development will create 6,000 homes and the federal government has committed to funding the first two of four phases. The prime minister made the announcement before heading to a three-day cabinet meeting in Vancouver as the Liberal government prepares for the next sitting of parliament.
