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

B.C. taxpayers could be on the hook for upwards of $27 million in total payouts for MLA pensions. (file)
Pensions are adding up for defeated, retiring MLAs: Taxpayers’ group

Martin and Throness would get $28,000 per year, lifetime pensions estimated ~$700K

Halloween enhanced image of a pumpkin patch to get you going. (Ryan Dyck Photography)
Halloween displays around Chilliwack are always a treat

Here is a list of addresses where some of the more creative Halloween displays can be viewed

Google Maps screenshot taken at 7:56 a.m., Oct. 29.
TRAFFIC: Westbound Highway 1 crash between Chilliwack and Abbotsford

Left lane is blocked, traffic backed up to No. 3 Road

A woman holds a packet of contraceptive pills. (AP Photo/Tsvangirayi Mukwazhi)
Chilliwack women’s organization among those lobbying for free contraception

Ann Davis Society says while it’s a women’s issue, all of society would benefit from program

Jeremy Bull, budtender at Dutch Bros. Buds outside the new store on Vedder Road in Chilliwack. (Jennifer Feinberg/ The Chilliwack Progress)
Cannabis retail shops in Chilliwack roll through the pandemic

Opening Chilliwack cannabis store in pandemic was ‘interesting’ says a licensed store manager

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

Provincial Health Officer Dr. Bonnie Henry speaks Thursday (Oct. 29) during a news conference held at Fraser Health office, in video posted to Facebook. (Photo: Government of British Columbai/Facebook)
COVID-19 ‘disproportionately’ affecting Fraser Health: Henry

Health region has about 75 per cent of B.C.’s active cases

Burnaby RCMP responded to a dine-and-dash suspect who fell through a ceiling in March 2020. (RCMP handout)
VIDEO: Suspected dine-and-dasher falls through ceiling of Burnaby restaurant

A woman believed to be dashing on her restaurant bill fell through the kitchen ceiling

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

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

A can of Canada Dry Ginger Ale is shown in Toronto on Thursday Oct. 29, 2020. The maker of Canada Dry Ginger Ale has agreed to pay over $200,000 to settle a class-action lawsuit launched by a B.C. man who alleged he was misled by marketing suggesting the soda had medicinal benefits. THE CANADIAN PRESS/Joseph O’Connal
B.C. man’s lawsuit over marketing of Canada Dry ginger ale settled for $200K

Soda’s maker, Canada Dry Mott’s Inc., denied the allegations and any liability

Vancouver Island-based Wilson’s Transportation has expanded to fill some of the routes left unserviced by Greyhound as of Nov. 1, 2018. (Black Press files)
B.C. bus companies say they need help to survive COVID-19

Like airlines, motor coaches have lost most of their revenue

A deer was spotted in October 2020 in Prince Rupert, B.C., with a bright pink yoga ball stuck in its antlers. (Kayla Vickers/Chronicles Of Hammy The Deer Official Page)
Hammy 2.0? Prince Rupert deer spotted with bright pink yoga ball stuck in antlers

The BC Conservation Officer Service is aware of the deer roaming around the city

RCMP. (Phil McLachlan - Black Press Media)
Kelowna Mountie hit with 2nd lawsuit in 2 months for alleged assault

Const. Julius Prommer is accused of breaking a woman’s knee during while responding to a noise complaint

Most Read