About the Plan

For years, workers across the province have seen their incomes be eroded by the skyrocketing cost of housing in BC. The lack of regulation and improper taxation of real estate in BC has made the province's housing market a playground for speculators and big banks hoping to make profits at the expense of workers. 

By the Summer of 2017, BCGEU members had had enough and passed multiple resolutions at that year's convention to call on the union to do something about housing affordability. That is how the Affordable BC campaign was born. 

Since then, the BCGEU has been working with members, local governments and the province to build communities where working class families can afford to live and thrive. The backbone of the campaign is focused on what the provincial government can do to solve the housing crisis, but we have also prepared recommendations that local governments can implement on their own. 

Click on the images below to learn more about the provincial and municipal plans we are proposing:

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    posted about About Affordable BC on Facebook 2017-11-20 15:07:17 -0800
    About the Plan
    posted about About Affordable BC on Facebook 2017-11-10 15:02:49 -0800
    About the Plan
    commented on About Affordable BC 2017-10-30 15:28:12 -0700
    I think this plan is missing few important points. 1. External investment capital may have very questionable origins, but there is little or no effort from federal and/or provincial governments in verifying the origin of these funds. It should be done in co-operation with foreign governments. We are very critical of other countries that are turning into offshore zones, but we do little when the same happens to Canada and BC in particular. As long as the cost of foreign buyer tax will be lower or equal to the cost of the money laundering it will be easier to lauder money by investing in BC’s real estate then to legalize questionable funds. 2. Speculative funds are very dynamic and the volume of speculative funds currently invested in BC’s economy exposes it to the danger of an economic crisis. Government has little or no control over this. 3. Businesses are hard pressed in hiring staff due to the lack of housing affordability. That will affect the competitiveness of the province in the long run. 4. Provincial infrastructure, especially transit systems, is not prepared to support work force relocation to the more affordable markets around the Greater Vancouver area. 5. All plans that were introduced so far heavily rely on rental housing. In the long run, it is a very short-sighted approach. People residing in the rental housing can not contribute funds to their asset accumulation as they have to redirect them to rent payments. As a result, at the end of their active work life, they will not have assets to maintain the same standards of living. They will heavily rely on government support when it comes to housing, health and living expenses. They also will not have assets to pass on to the next generations. On the contrary, landlords will accumulate excessive funds that only partially will be used to maintain and/ or improve buildings but for the most part they will be used to provide luxury life style to those few and that will contribute to further division between rich and poor. Landlords can and most probably will reinvest excessive funds in other countries and/or provinces. Government has to look at the possibility of subsidizing mortgages and/ or partial ownership for long term residents of BC who are not able to enter the real estate market under the current conditions.
    posted about About Affordable BC on Facebook 2017-10-30 10:54:40 -0700
    About the Plan