Media Statement: July 11th, 2016
Weaver responds to Vacancy Tax
For Immediate Release
Victoria B.C. – Andrew Weaver, Leader of the B.C. Green Party and MLA for Oak Bay – Gordon Head, today responded to the provincial government’s announcement that the House will be reconvened in two weeks in order to pass new legislation concerning the overheated real estate market, including the legislation required for Vancouver to bring in a vacancy tax.
“This government is taking a hands off approach on the most pressing issue facing British Columbians. With this rushed session they are introducing new chaos into an unstable situation. What will the impacts be of one municipality in a connected region acting alone? My guess is that no one really knows.
“This piecemeal approach being taken risks making things worse. What is needed is provincial leadership that brings forward thoughtful solutions for all British Columbians – solutions that ensure that our young professionals and small business owners aren’t simply priced out of the real estate market.
“Earlier this year I pointed out to government that there are at least three dimensions to the issue of affordability and speculation in BC’s housing market:
The government continues to ignore a speculative ‘bare trust’ tax loophole to remains open and allows for the avoidance of paying property transfer tax.
Press Secretary – Andrew Weaver MLA
Cell: 250 216 3382