BC Green Party Affordable Housing Platform

BC Green Party

Market housing

  • Work with the federal government to introduce measures to eliminate money laundering and international property speculation.
  • Introduce a sliding Property Transfer Tax (PTT) with rates from 0% on the first $200,000 to 12% on property valued $3+ million.
  • Apply the PTT to the transfer of beneficial ownership (the person for whom the property is being held in trust).
  • Introduce a speculation PTT to discourage property flipping.
  • Expand the Foreign Buyers Tax to apply across BC, and increase the rate to 30% in addition to the PTT payable.
  • Tax lifetime capital gains in excess of $750,000 on principal residences.
  • Work with financial institutions and the federal government to develop protections for recent home buyers negatively affected by market cooling initiatives.
  • Transition home owner grants to a system of income-based grants starting in 2019.
  • Introduce a progressive property tax system that imposes a surtax based on property value and allow home owners to credit rental income and their previous year’s BC income tax against the surtax tax.
  • Establish an incentive program for retrofits of commercial buildings.

Rental Housing

  • Invest $750 million per year to help build 4,000 units of affordable housing per year.
  • Work with federal and local governments to make land available to build affordable housing.
  • Work with social housing agencies and federal and local governments to develop and implement a provincial housing plan to increase the supply of affordable rental units.
  • Lead a comprehensive rethink of zoning to ensure it includes affordable housing densification along transit corridors, revitalizing neighbourhoods surrounding schools, cultural and social amenities and complete communities.
  • Invest $100 million in retrofits and renovations of older social housing units.
  • Partner with First Nations, non-profit developers, cooperatives and the private sector to support planning and construction of low income rental units.
  • Introduce incentives to build or convert existing buildings for rental property.
  • Update the Residential Tenancy Act to control rent increases and protect tenants.
  • Work with BC Housing to include private rental properties in their portfolio of affordable housing.
  • Maintain or enhance existing housing support programs to address income security.
    Social Media Icons Help Reduce the PTT Facebook Help Reduce the PTT Twitter REBGV YouTube


    Like our Facebook Page to reduce the PTT.