VICTORIA, B.C. – Today, the Minister of Finance announced that the government intends to introduce legislation requiring cooling off periods in home sales. Sonia Furstenau, Leader of the B.C. Green Party and MLA for Cowichan Valley has issued the following statement:
“Today’s announcement is a positive step towards better protections for consumers in B.C. I’m particularly encouraged that the BC Financial Services authority will be examining practices such as blind bidding, price baiting, and rules around home inspections. Buying a home is a big step and British Columbians deserve every protection possible, especially in such a volatile housing market.Read more
DUNCAN B.C. – B.C. Greens leader Sonia Furstenau says the next government needs to go further to address the housing crisis. Furstenau made her remarks during a youth day of action for the B.C. Greens in her local campaign’s riding of the Cowichan Valley.Read more
VICTORIA B.C. – Sonia Furstenau, Leader of the B.C. Green Party, announced the Party’s plan to support renters struggling with the affordability crisis.Read more
VICTORIA, B.C. - The Residential Tenancy Amendment Act, a private member’s bill introduced by the B.C. Green Party and passed with all party support in 2019, will come into force tomorrow, May 30th, 2020.Read more
VICTORIA, B.C. - Andrew Weaver, leader of the B.C. Green Party, released a summary of his Caucus’ housing policy priorities today in Vancouver. The Party’s Confidence and Supply Agreement with the B.C. NDP commits both parties to collaborate to make housing more affordable by increasing supply and dealing with the role of speculation and fraud. The policy document released today is a summary of the B.C. Green Caucus’ recommendations to government for the upcoming provincial budget.
“The affordability crisis is devastating communities across our province,” said Weaver. “In particular, despite significant evidence of the role of speculation in driving up prices, government has failed to act on the demand side. Our policies place an emphasis on curbing speculation and the role of global capital in our housing market.Read more
VICTORIA B.C. – Due to the volume of interest received in its Affordable Homes Strategy, the B.C. Green Party has released a document explaining key elements of the strategy and clarifying some of the details, including the policy on provincial capital gains tax.Read more
Andrew Weaver announces Bradley Shende as B.C. Greens Spokesperson for income security and Deputy Spokesperson for housing and affordability
VANCOUVER B.C. – Today Andrew Weaver, leader of the B.C. Green Party, announced Bradley Shende (Vancouver-False Creek) as the party’s Spokesperson for income security and Deputy Spokesperson for housing and affordability.Read more
VANCOUVER B.C. - Andrew Weaver, leader of the B.C. Green Party, released party’s Affordable Homes Strategy today in Vancouver. The strategy aims to cool the overheated housing market, increase the availability of affordable housing and provide greater protections for renters.Read more
VANCOUVER B.C. - Andrew Weaver, leader of the B.C. Green Party, announced David Wong, B.C. Green Party candidate for Vancouver-Hastings, as the party spokesperson on housing and affordability today. Wong is an architect and long-time advocate for affordability and sustainable communities.Read more
There are few topics more sprawling, or of more importance, than the state of real estate in British Columbia.
This summer, the legislature was called back into session with two weeks’ notice for the last week of July to debate Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016. The bill had four main purposes:
- It added an additional 15% property transfer tax to residential real estate purchased by foreign nationals or foreign-controlled corporations. (‘Foreign nationals’ are individuals who are not Canadian citizens or permanent residents of Canadian.)
- It amended the Vancouver Charter to allow the City of Vancouver to implement a vacancy tax.
- It created a Housing Priority Initiatives Fund for provincial projects that will be seeded with $75 million and a portion of the new tax revenue. (It is worth noting that Public Accounts documents indicate that the government brought in $500 million more in property transfer tax revenue this year than anticipated, suggesting to me that the initial injection in the Housing Priority Initiatives Fund should be higher.)
- It implemented recommendations to re-regulate the real estate industry.