Some Canada Post properties in B.C. could soon include housing [Video]

A nondescript industrial location in North Vancouver and a squat, one-storey building in Port Moody across from train tracks, are among Canada Post properties in B.C. on which the federal government is looking to develop housing as part of its latest budget.

The two B.C. sites, along with a half dozen other potential properties scattered between the mainland and Vancouver Island, are among 1,700 Canada Post properties in as many communities across Canada that featured in Tuesday’s budget as ripe for housing development.

“Many of these sites often house one-storey Canada Post buildings, which could be leveraged to build new homes across the country, while maintaining Canada Post services,” said the budget, which focused on how to build nearly four million new homes in Canada by 2031.

Ottawa said that six Canada Post properties across the country are already being assessed for potential development, whereby apartment towers or other types of …