BC political parties face off at REBGV’s affordable housing forum
The lower mainland’s surging home prices, escalating rents and record numbers of homeless residents, has gone on far too long, according to experts from three of the main parties running in the May 9 provincial election.
Which party offers the most achievable, cost-effective solutions? The Real Estate Board decided to find out.
On April 12, 2017 upwards of 150 real estate industry colleagues, including REALTORS, builders and developers heard three candidates − all identified by their party as housing policy spokespersons − itemize political party priorities and solutions. These ranged from incentives for municipal zoning for higher density to taking land out of the Agricultural Land Reserve.
Here are their platforms:
Former Real Estate Board president, Darcy McLeod, was front and centre in a CBC Radio interview before the event. Listen here. (Darcy’s part starts at 1:41.10)
It’s important candidates understand how much home sales contribute to our economy.
In 2015, the real estate and construction sectors together produced more than one-quarter – or fully 26.5% of the province’s GDP.
In 2016, 39,943 homes changed ownership in the Board’s area, generating $2.5 billion in economic spin-off activity and an estimated 17,600 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $40 billion in 2016.