Close X
Sunday, March 2, 2025
ADVT 
National

B.C. Cities Call For Tax Changes To Address Housing Affordability

The Canadian Press, 01 Feb, 2018 12:39 PM
    VANCOUVER — A group that represents municipalities in British Columbia is calling for significant tax and regulatory changes for a comprehensive approach to more affordable housing. 
     
     
    It has issued a report containing 32 recommendations for provincial and federal governments based on research and best practices from across Canada and around the world.
     
     
    Mayor Greg Moore of Port Coquitlam led the initiative for the Union of B.C. Municipalities and says there's not enough rental housing being built across the province and current development is often priced beyond the budgets of local residents.
     
     
    Moore says speculation by foreign and domestic investors has fuelled surging home prices in Metro Vancouver, with a spillover effect on other communities.
     
     
    He says a series of tax measures to curb speculation, encourage the development of affordable rental housing and penalize profit-driven real estate flipping could make a big impact.
     
     
    The union has been in talks with the provincial government, and Moore says he hopes to see some of the report's recommendations included in the upcoming budget.

    MORE National ARTICLES

    Six Sent To Hospital In Crash That Closed Highway 1 In B.C. For Hours

    Six Sent To Hospital In Crash That Closed Highway 1 In B.C. For Hours
    B.C. Emergency Health Services says three ground ambulances and an air ambulance were sent to the scene.

    Six Sent To Hospital In Crash That Closed Highway 1 In B.C. For Hours

    One Dead, Several Hurt After Vehicle With Manitoba Plates Crashes In B.C.

    One Dead, Several Hurt After Vehicle With Manitoba Plates Crashes In B.C.
    REVELSTOKE, B.C. — One person is dead and four others are in hospital after a three-vehicle crash on the Trans-Canada Highway in British Columbia.

    One Dead, Several Hurt After Vehicle With Manitoba Plates Crashes In B.C.

    Five Things To Do At Royal B.C. Museum: All Of British Columbia In One Place

    Five Things To Do At Royal B.C. Museum: All Of British Columbia In One Place
    VICTORIA — Walk into the Royal British Columbia Museum and find yourself staring deep into the heart and soul of Canada's western-most province through the darkened hues of an Emily Carr rainforest canvass or the psychedelic paint job on John Lennon's Rolls Royce.

    Five Things To Do At Royal B.C. Museum: All Of British Columbia In One Place

    Man Keeps Unopened Christmas Gift From Girl Who Dumped Him Almost 50 Years Ago

    Man Keeps Unopened Christmas Gift From Girl Who Dumped Him Almost 50 Years Ago
    Back in 1970, Adrian Pearce was a 17-year-old Grade 12 student at George S. Henry Secondary School in Don Mills, Ontario, looking forward to Christmas vacation.

    Man Keeps Unopened Christmas Gift From Girl Who Dumped Him Almost 50 Years Ago

    Deceased Newborn Found In Northwest Calgary Parking Lot

    Deceased Newborn Found In Northwest Calgary Parking Lot
    Calgary's Homicide Unit is investigating the death of a newborn baby whose body was discovered in a parking lot.

    Deceased Newborn Found In Northwest Calgary Parking Lot

    John Horgan Says Next Year's Electoral Reform Referendum Likely B.C.'s Last Attempt

    VICTORIA — A pact with the Green party that allowed the NDP to form a minority government in British Columbia is a working example of electoral reform ahead of a referendum on the issue next year, Premier John Horgan says.

    John Horgan Says Next Year's Electoral Reform Referendum Likely B.C.'s Last Attempt