British Columbia is in the grip of a housing affordability crisis that is depriving an entire generation of the ability to rent or own housing that fits their needs. Everyday, we talk to union members who are finding it increasingly difficult to afford life in BC, and especially in urban centres like Metro Vancouver, Victoria and Kelowna.
Workers are struggling to find housing for their families, leading many to move further away from work and others to leave the province altogether. B.C. is losing experienced workers and economic productivity.
Solving this crisis requires bold action to tackle loose regulation in the housing market that has allowed speculators and banks to reap immense profits on the backs of British Columbians. With the help of experts in the field, the BCGEU has come up with a plan that tackles the affordability crisis by curbing speculation and making investments into housing and infrastructure that benefits all British Columbians.
We are proposing that the Provincial government:
Reform property taxes to target speculators and raise funds for affordable housing and infrastructure.
Amend legislation to protect renters and better regulate real estate transactions.
Invest in new affordable public housing and infrastructure.
This plan has what it takes to make life more affordable for everyone in British Columbia, but we know financial institutions will throw everything they have at stopping it.
For years, they have reaped the benefits of British Columbia’s lax regulation and bad zoning, while we have paid the price through higher mortgages and rents. They know that an end to speculation would narrow their profit margins by millions of dollars.
For an affordable BC to become a reality, we need to work together and show the provincial government there is broad support for bold action. Sign the petition calling on Premier Horgan to fix the housing crisis by implementing the Affordable BC housing plan.