British Columbia Premier David Eby announced plans to offer $150 million in loan guarantees for property owners and businesses in the Cowichan Aboriginal title area, aiming to alleviate financial stress caused by a recent court ruling on Aboriginal title. The fund could support Montrose Properties and smaller landowners, as many residents fear their ability to sell or refinance homes is jeopardized. Richmond Mayor Malcolm Brodie welcomed the initiative as a positive step, while the Opposition raised concerns about the government’s response to the issue. The ruling, which established Aboriginal title alongside private ownership, is currently under appeal.
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