The NDP is forecasting a 30% decrease in housing starts by 2021
http://udi.bc.ca/wp-content/uploads/....C.-Budget.pdf
With large increases in property taxes and speculation taxes, more than double. Does that hint that they see assessed values doubling as well? Or possibly more empty homes?
Quote:
|
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.
|
Quote:
|
Overall, property taxes are expected to rise from $2.601 billion in 2018/29 to $3.25 billion in 2021/22.
|
https://dailyhive.com/vancouver/budg...nues-rise-2019
B.C. budget includes no new taxes, relies on rebound in housing market to increase revenue
https://www.theglobeandmail.com/cana...ousing-market/