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, […]
TL;DR
- 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.