If the government of BC is willing to help "Home Owners" with tax dollars, why doesn't it also help "Renters" by giving us an equivalent tax credit on our rent that the interest free loan will provide.

$37,500 x 3% interest rate for a variable mortgage = $1125 interest savings annually (higher if calculated monthly)

So a $100/month tax credit or simple rebate for rent would seem reasonable to treat renters equally.