Tents where approximately 150 people were camped at a parking lot on Port of Vancouver property adjacent to Crab Park, in Vancouver, B.C., Wednesday, June 10, 2020. The encampment was set up after a tent city at Oppenheimer Park was shut down due to concerns about COVID-19. THE CANADIAN PRESS/Darryl Dyck

B.C. VOTES 2020: Speculation tax misses speculators, B.C. Liberals say

Andrew Wilkinson, John Horgan clash over housing costs, solutions

NDP leader John Horgan and B.C. Liberal leader Andrew Wilkinson staged campaign events to illustrate their housing and homelessness plans Friday, with Wilkinson confirming he would replace the NDP’s speculation and vacancy tax if he forms a government after Oct. 24.

Wilkinson travelled to Vancouver’s Yaletown condo towers, where investment properties were sitting vacant as prices soared in recent years. The B.C. Liberal government put on a 15-per-cent foreign buyer tax on Metro Vancouver property purchases in 2016, and then the NDP government imposed a “speculation tax” on vacant homes that extended to Victoria, Nanaimo and the Central Okanagan as well.

Wilkinson renewed his commitment that he intends to replace the speculation tax with one on pre-sale condo contracts being sold and resold before the project is built.

“What we need in the Lower Mainland is a tax on people who flip paper condo contracts before the building has even gone up,” Wilkinson told reporters Sept. 25. He called the NDP plan, which was cut back sharply after the B.C. Green party objected to it covering rural vacation homes, “a phoney speculation tax that doesn’t reflect speculation at all.”

2016: Foreign buyers tax shows results in Metro Vancouver

2018: Mayors say speculation tax causing local ‘recession’

Horgan said the speculation tax has seen 11,000 vacant homes rented out, to escape the tax by having a property occupied at least six months of the year. He spoke in front of a United Church low-income housing project in Coquitlam, promising the $110 million raised by the vacant home tax is going to government-supported housing projects like that one.

Wilkinson said the NDP government’s decision to buy run-down hotels and “warehouse” people in tent camps is directly responsible for big spikes in crime in Victoria and Vancouver.

“We need to have a full spectrum approach to housing, just like we did in the Liberal era when we put together housing projects that were supportive of people who needed help,” Wilkinson said. “Another housing project was simply providing people with a subsidy to their rent, so they could get on with their lives.”

Horgan acknowledged that housing prices are still rising in major urban centres, saying the Lower Mainland is still a desirable place to live and more supply is coming.

“There were complaints that there weren’t enough housing starts, and now there are too many housing starts,” Horgan said.

Wilkinson has argued that local government building regulations are too slow and need to be reformed.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC politicsBC Votes 2020

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Northern Health saw 14 cases in one day earlier this week, the highest in one day since the beginning of the pandemic. (Image courtesy CDC)
Northern Health sees highest number of COVID-19 cases in one day

Oct. 27 saw 14 cases reported, the biggest single-day total since the beginning of the pandemic

This weapon was seized by Houston RCMP after a traffic stop Oct. 14 (Houston RCMP photo)
Guns, cash and suspected narcotics seized

Seizure follows traffic stop on Oct. 14

Medical staff at Bulkley Valley District Hospital urge everyone to continue to follow public health guidelines to combat the spread of coronavirus. (File photo)
COVID-19 and influenza update from Bulkley Valley medical staff

Local MDs urge vaccinations and mask wearing to combat virus duo

This photo of approximately 10 years ago shows Laureen Fabian, on the left, and daughter Caterina Andrews. Fabian went missing last October and her daughter is looking for answers. (Contributed photo)
Laureen Fabian’s disappearance remains a mystery

It’s been a year since she went missing

Sooke’s Paul Larouche enjoys gold panning along the Sooke River, looking for small treasures. (Aaron Guillen/News Staff)
VIDEO: Island man finds niche audience by gold-panning on YouTube

Paul Larouche, 29, with over 215,000 subscribers, opens up about his journey

Health care employees take extensive precautions when working with people infected or suspected of having COVID-19. THE CANADIAN PRESS/Chris Young
WorkSafeBC disallows majority of COVID-19 job injury claims

Health care, social services employees filing the most claims

Conservative leader Erin O’Toole rises during Question Period in the House of Commons in Ottawa on Wednesday October 28, 2020. (Adrian Wyld/The Canadian Press)
Conversion therapy ban gets approval in principle, exposes Conservative divisions

Erin O’Toole himself voted in favour of the bill, as did most Conservative MPs

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

CBSA. (Black Press Media File)
4 sentenced in B.C. steroid smuggling, distribution ring that spilled into U.S.

Canadian Border Services Agency announced the results of a lengthy investigation it called ‘Project Trajectory’

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Search and Rescue Technicians carry a stretcher to the CH149 Cormorant during a 442 Squadron Search and Rescue Exercise in Tofino on February 28. (Photo by: Cpl Joey Beaudin, 19 Wing Imaging, Comox)
Father and son found dead after weeklong search near Pemberton

The father and son had set out for a day of mushroom picking last Thursday

A full moon rises over Mt. Cheam on Saturday, Feb. 8, 2020. (Jenna Hauck/ The Progress)
Rare full moon, Daylight Saving makes for a uniquely spooky Halloween – despite COVID-19

We can’t host costume parties but this weekend is still one for the history books

A woman wears a face mask and plastic gloves while browsing books as a sticker on the floor indicates a one-way direction of travel between shelves of books at the Vancouver Public Library’s central branch, after it and four other branches reopened with limited services, in Vancouver, on Tuesday, July 14, 2020. (THE CANADIAN PRESS/Darryl Dyck)
B.C. reports 234 new COVID cases, 1 death of senior who had attended small birthday party

Roughly 5,700 people are isolating due to being exposed to a confirmed case

Most Read