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Originally Posted by Sheba
Budget at a glance: 10 key takeaways from B.C.'s 2019 provincial budget
- New child-care benefit...
- ... But no daycare
- Interest-free student loans
- Increases to disability, income assistance rates
- Lottery funds for First Nation communities
- ICBC still a big concern
- Housing moderation
- Clean B.C. rebates
- Wildfire efforts but no structural changes
- Transit stays on track
More details in the article
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http://udi.bc.ca/wp-content/uploads/....C.-Budget.pdf
Huge decreases in housing starts predicted. From 43,664 in 2017 to 30,517 in 2021. Prepare for prices and rents to skyrocket!!!!!!
Things here are going to get very ugly. Is the NDP purposely killing housing supply and worsening the housing crisis to stay in power? I was shocked that the NDP is lowering supply creation in response to our housing crisis and predicted immigration increases.
There predicting property tax increases and spec+school tax increases which means there predicting home values will rise.
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Despite falling housing start volumes, revenue generated by the new speculation and vacancy taxes is anticipated to be relatively high – increasing from $87 million in 2019/20 to $185 million for each of the forthcoming three fiscal years.
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There also predicting businesses are going to lose money big time
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However, corporate income tax will see a significant drop from $5.132 billion in 2018/19 to $4.192 billion in 2019/20, before rebounding to $4.859 billion in 2021/22.
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