Tag Archives: BC Affordable Housing

The Rich & Connected Appear To Run British Columbia

By Roy L Hales

More than a week has passed since the New York Times carried the story. The author, Dan Levin, told Global News, “If this were in Russia or China or the Balkans or some developing-world country, it would just be written off as nepotism or corruption, but here (in British Columbia), because it’s not illegal, it seems to just get a pass.” Corporate and union donations to political parties are banned in Nova Scotia, Manitoba, Alberta and Ontario, but not in British Columbia. NDP MLA David Eby believes the corruption runs much deeper than the $50,000-a-year “commission” Premier Clark receives from her party’s campaign chest. The rich & connected appear to run British Columbia.

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Taxing Vancouver’s Empty Homes

By Roy L Hales

Screen-shot-2014-03-18-at-3.43.47-PMVancouver’s real estate values have skyrocketed 280% since 1986, while wages have only increased 7%. A new report shows the affordability crises impacts both renters and homeowners. The average westside home was selling for $1.4 million last May. Though 10,800 housing units have been empty for more than a year, 1 only about 337 available as rentals. 2 This suggests that speculators own many of the vacant units. City staff recommend taxing Vancouver’s empty homes.

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Show 2 footnotes

  1. Policy & Regulatory Steps for Reducing Empty Housing, City of Vancouver Administrative Report, June 16, 2016, p 2
  2. ibid, p 3