Skip to main content

Premier Christy Clark looks on as British Columbia Finance Minister Mike de Jong leaves the Legislature after tabling the budget in Victoria, Tuesday, Feb. 19, 2013.

Jonathan Hayward/THE CANADIAN PRESS

The B.C. Liberal government forecast a slim $197-million surplus with a big assist from property asset sales.

Sixteen properties are earmarked for sale to provide proceeds of $260-million in the 2013-14 fiscal year. But that figure does not include the previously announced $300-million sale of the province's Little Mountain property in Vancouver, nor $30-million from divesting a Liquor Distribution Branch warehouse.

All told, the gross asset sales could amount to more than $800-million.

Story continues below advertisement

The 16 assets to be sold include North Saanich Middle School, vacant land near Victoria General Hospital, a parking lot near the B.C. legislative buildings and two vacant lots in Surrey.

"We have about 100 surplus properties and assets, and we are continuing a process to turn them into economic generators – providing amenities such as housing, health care and long-term residential care on what are now, for the most part, vacant or underutilized lands," B.C. Finance Minister Michael de Jong said Tuesday.

Report an error Licensing Options
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.