Author Topic: BC provincial election  (Read 2639 times)

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Offline BC_cheque

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Re: BC provincial election
« on: April 27, 2017, 03:09:13 pm »
After last night's debate, I really don't know what to do anymore.  I was under the impression that Horgan's stance on housing was different but after last night's debate I looked into it some more and I don't think it's enough.  I'm very disappointed.

The Liberals didn't act fast enough and the 15% tax imposed on anyone without residency is stupid and makes BC an unattractive place for companies, especially the tech sector.  The Greens want to double it and make it province-wide which would pretty much ensure no companies would ever come here.

The NDP wants to implement an annual 2% speculative tax for foreign buyers who don't live here but when the market is giving returns of 20%-30%, that 2% is not material enough to be a deterrent  Anyone you find to manage your funds for you would take that and you'd be lucky to get a return of 10%.

It should be a combination of both - say a 15% *annual* fee for people who don't live here, and exempt are the foreigners who are actually working and living in BC. 

What a shit show, I don't think any of these leaders are actually capable of addressing the biggest issue facing our province.  What a shame.
« Last Edit: April 27, 2017, 03:11:59 pm by BC_cheque »