Building an Affordable BC: What Can the Province Do?
(2017)
Speculative investment in B.C. has made the province one of the most expensive places in the world to live. While various factors contribute to rising housing prices in Vancouver, the most troubling and underlying cause of our situation is that housing and property is being treated primarily as a financial asset rather than as a place to live. Our housing system and real estate market has become overpowered by a speculative purchasing environment and our current methods for regulation, planning and taxation have failed to manage the effects. The crisis is the result of three main factors:
- The influence of external investment capital in the province
- Increased mortgage lending and profit-driven financial institutions which are fueling the speculative frenzy
- Poor real estate regulations and land-use policies that create opportunities for private profit at the expense of the public interest
Our campaign’s plan for addressing B.C.’s housing and affordability crisis requires the following:
- Reform property taxes to target speculators and raise funds for affordable housing and infrastructure. This reform would require the following:
- Amending legislation to protect renters and better regulate real estate transactions
- Investing in new affordable public housing and infrastructure
Click here to download a PDF of the full report.
Affordable BC: What Can Local Governments Do?
(2018)
While many of B.C.'s housing affordability problems are the result of poor policy choices, we propose eight concrete actions local governments can take right now to make things better. In addition, we propose four key measures the federal and provincial governments can take to help municipalities address the housing crisis.
Click here to download a PDF of the full report.
Submission to the B.C. Rental Housing Task Force
(2018)
As part of their efforts to make housing more affordable in the province, the BC NDP government put together a taskforce to look into changes that could be made to the Residential Tenancy Act to improve protections for renters. This task force spent much of June and July speaking to communities and accepting written submissions as part of their consultation.
As one of BC's largest unions, tens of thousands of our members are renters and will be directly affected by the changes this task force recommends. That's why we made a submission to this task force with recommendations that fall under the following three categories:
- Resourcing and reforming the Residential Tenancy Branch
- Reforming residential tenancy law and regulations
- Increasing the supply of affordable rental housing
Click here to download a PDF of the full submission.