Housing & Homelessness

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Homelessness

BC NDP

  • Build 2,200 more units of supportive housing.
  • Provide rent supplements for residents of supportive housing who are ready to move on to independent living.

BC Liberals

Invest in getting homeless British Columbians a home and connecting them with the health and social service supports they need.
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Housing affordability

BC NDP

  • Continue work to provide 114,000 new, affordable housing units.
  • Provide remaining portion of 1,750 new homes for Indigenous people on- and off-reserve.
  • Provide more low-interest loans and expand the Housing Hub.

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BC Liberals

  • Establish an incentive fund for municipalities with policies that increase the construction and supply of new housing.
  • Implement tax and permitting changes to boost housing supply.
  • Review current property tax structure to incent affordable housing and prevent speculation.

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BC Greens

  • Accelerate investments to affordable, supportive, and social housing.
  • Extend leases for extant co-ops and create a land bank for new co-ops.
  • Establish a capital fund to support the acquisition and maintenance rental housing by nonprofits.
  • Close the bare trust loophole.

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Housing speculation

BC Liberals

  • Change the real-estate speculation tax to a condo-flipping capital gains tax.
  • Implement higher property-taxes for non-residents of Canada.
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BC Greens

Change the speculation tax to include more foreign owners and satellite families.
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Rent and evictions

BC NDP

  • Freeze rents to the end of 2021 and capping increases after that.
  • Provide a renter's rebate of $400/year for households earning up to $80,000 annually that are not already receiving other rental support.

BC Liberals

Implement a short-term commercial-rent relief plan that flows relief directly to tenants and supports small businesses unable to access current relief programmes.
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BC Greens

Introduce a rental supplement to close the cap between affordable rent and what renters actually pay and introduce means-tested grant that applies to low and moderate income earners who are paying more than 30% of their income in rent.
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Stratas

BC NDP

  • Control the rising cost of strata insurance.
  • If rates have not corrected by the end of 2021, we will develop a public strata insurance option, similar to Saskatchewan.
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BC Liberals

  • Encouraging and facilitate self-insurance models for stratas.
  • Eliminate the practice of "best-terms" pricing.
  • Reducing statutorily-required insurance for strata properties from full replacement value to a level in line with actual claims cost history.
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BC Greens

Convene a taskforce, including insurance brokers, insurers, and strata owners, to deal with the rising cost of strata insurance and develop solutions as soon as the BC Financial Services Authority finishes their investigation.
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