The influence of foreign money has always been a concern in the debate about how to rein in housing prices in Vancouver, where prices jumped by more than 40 per cent in a single year and where detached homes fetch well over $1-million.
He's also promising a two per cent speculation tax for properties owned by people who don't pay tax in B.C.
THE Liberals said on Thursday that after 1,075 days as head of the Opposition, John Horgan finally released a "platform" document containing a multi-billion-dollar crater for BC's economy.
Liberal party leader Christy Clark officially kicked off the BC Liberals' campaign in front of a cheering crowd in Vancouver Tuesday night.
Speaking in Burnaby on Wednesday, Clark criticized the NDP's proposal, saying a rent credit would line the pockets of wealthy tenants who may live in penthouses in downtown Vancouver.
While slashing or reducing bridge tolls may appeal to voters, Mayor Jonathan Cote says it is bad transportation policy. "You're going to freeze all fares but there still has to be a base to keep these services going", Gaudet said.
But he said the New Democrats should consider adding a rental rate cap to the credit, similar to the homebuyers grant, so it remains focused on lower-income earners who need it the most.
CMHC has documented how much rental housing prices increased from 2015 to 2016.
- With the federal government expected to announce plans Thursday to legalizing marijuana, Clark said she wants assurances organized crime is shut out of the pot business and that marijuana stays out of the hands of children.
She said the province has already earmarked $1 billion for new affordable housing, and her party would work with cities to speed up development.
Clark made the comments after touring the clean energy technology company General Fusion.
Clark also saluted the many volunteers in her riding who work on her constituency campaign in her absence on the provincial campaign trail. The NDP's first increase would raise $140 million in 2019-20, which Horgan's plan counts as revenue rather than offsetting against income taxes as the BC Liberals have pledged to do.