BC NDP Announce New Tax on Vacant Condos, Target BC Conservative Leadership Process
BC NDP Leader David Eby says that if re-elected, his government will put a new tax on condos left vacant or unsold for a year or more, in a bid to create more housing. Meanwhile, NDP candidate Niki Sharma, who is B.C. attorney general and was MLA for Vancouver-Hastings before the snap election was called, […]
The BC NDP, if re-elected, intends to implement a new tax on vacant or unsold condos for over a year, alongside an increase in the speculation tax for Canadian and foreign owners. This policy aims to encourage housing availability. Additionally, NDP candidate Niki Sharma has raised concerns regarding the BC Conservative party’s process for selecting a permanent leader.
- BC NDP plans a new tax on condos left vacant or unsold for one year or more.
- The proposed tax starts at 2% and increases annually for unsold condos.
- The speculation tax would be raised by 1% for Canadian and foreign owners.
- NDP candidate Niki Sharma criticized the BC Conservative leadership selection process.
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