2019 BC Budget

misher · #1 Posted **Feb 19, 2019, 9:45 PM**

https://www.bcbudget.gov.bc.ca/2019/default.htm

PS: Wasn't the small business tax rate already changed to 2% back in 2017?

Sheba · #2 Posted **Feb 19, 2019, 11:15 PM**

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

Sigh.... what's the point in hardworking people that had student loans and busted their hump and paid off their loans in full and in advance, like me? I didn't expect any nanny state to help me out. I worked hard, made sacrifices and did my duty.

misher · #5 Posted **Feb 20, 2019, 12:41 AM**

Quote:

Sigh.... what's the point in hardworking people that had student loans and busted their hump and paid off their loans in full and in advance, like me? I didn't expect any nanny state to help me out. I worked hard, made sacrifices and did my duty.

That's what this country is coming to, somewhere where no one is responsible for their actions.

https://www.theglobeandmail.com/cana...ousing-market/

B.C. budget includes no new taxes, relies on rebound in housing market to increase revenue

whatnext · #6 Posted **Feb 20, 2019, 1:55 AM**

Quote:

Originally Posted by misher

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..

What are you talking about?

The government has no say in what gets built, that is merely their forecasting. Given that housing sales have dropped off a cliff since buyers couldn't spirit money out of China so easily, it is perfectly prudent to forecast a decrease in starts. Unless you think developers should keep building when there is no demand?

misher · #7 Posted **Feb 20, 2019, 2:12 AM**

Quote:

Originally Posted by whatnext

What are you talking about?

The government has no say in what gets built, that is merely their forecasting. Given that housing sales have dropped off a cliff since buyers couldn't spirit money out of China so easily, it is perfectly prudent to forecast a decrease in starts. Unless you think developers should keep building when there is no demand?

You don't see how this is going to cause a massive housing crisis in the future along with raising unemployment? We're literally stopping construction of 30% of our rental and strata units by 2021.

The NDP is also predicting rising taxes on real estate which only comes when home prices go up.

The amount of people immigrating into BC is increasing while the amount of housing were building is decreasing, you don't see the problem with this?

I know you generally disagree with everything I say on principle but surely you must be against prices rising and home supply decreasing.....where are people going to live.

Sheba · #8 Posted **Feb 20, 2019, 2:22 AM**

Quote:

Originally Posted by whatnext

What are you talking about?

The government has no say in what gets built, that is merely their forecasting. Given that housing sales have dropped off a cliff since buyers couldn't spirit money out of China so easily, it is perfectly prudent to forecast a decrease in starts. Unless you think developers should keep building when there is no demand?

You didn't know the BC NDP has this super secret cabal that has brainwashed the developers into building what they're told to?

For more details on the budget, check this out.

whatnext · #9 Posted **Feb 20, 2019, 3:06 AM**

Quote:

Originally Posted by misher

You don't see how this is going to cause a massive housing crisis in the future along with raising unemployment? We're literally stopping construction of 30% of our rental and strata units by 2021.

The NDP is also predicting rising taxes on real estate which only comes when home prices go up.

The amount of people immigrating into BC is increasing while the amount of housing were building is decreasing, you don't see the problem with this?

I know you generally disagree with everything I say on principle but surely you must be against prices rising and home supply decreasing.....where are people going to live.

Do you understand how the housing market works?

If developers saw the demand you claim there is, they will build it, regardless of what the government forecasts.

misher · #10 Posted **Feb 20, 2019, 3:53 AM**

Quote:

Originally Posted by whatnext

Do you understand how the housing market works?

If developers saw the demand you claim there is, they will build it, regardless of what the government forecasts.

We need more housing and instead we're putting more taxes on developers and chasing them out. Come on man surely you must see something wrong with this. We're creating a massive housing crisis in the future much worse than the current one.

retro_orange · #11 Posted **Feb 20, 2019, 3:54 AM**

Quote:

Originally Posted by whatnext

Do you understand how the housing market works?

If developers saw the demand you claim there is, they will build it, regardless of what the government forecasts.

He's just sowing discord.

Tetsuo · #12 Posted **Feb 20, 2019, 9:05 PM**

Does this really have to be its own thread? Put it in the BC politics one, misher stop cluttering the forum!