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Showing posts from October, 2024

Thoughts on the Upcoming BC Election

CTV News: Full B.C. NDP platform includes speculation tax hike, some free transit for seniors A quick analysis of this announcement doesn't move the needle much in my opinion of Elby. He's safe and largely ineffectual. I say ineffectual because his efforts at taking on the rich landlords and speculators that have driven up the costs of housing and renting have largely fallen flat. The prices haven't dropped nearly enough for the average voter to be able to afford anything. Prices have dropped from the AirBnB regulation and the data is too incomplete when it comes to the Vacancy Tax to draw any conclusion to measure it's impact. But the AirBnB price drop has only made a small dent in the affordability of the average unit price. When the newspapers declare that prices have dropped by 2% overall (around $50) and $150 from the AirBnB regulations, the average renter's just going to be left feeling frustrated because the average rent in Vancouver is still $2,600/month an