Metro Vancouverites will go to the polls later this month.
metro vancouver municipalities
Higher business tax rates may deter job-creators from setting up shop.
Long and uncertain permit timelines can have led to fewer new housing units being built in Vancouver.
In an effort to make housing more affordable in Greater Vancouver, B.C.’s latest budget exempts newly-built homes worth up to $750,000 from the property transfer tax.
Local land-use regulations inhibit the building of new homes, contributing to price increases.
Housing markets in Canada’s largest cities are once again the subject of national news, this time because of an increase of the minimum down payments for government-backed mortgages.
B.C. Premier Christy Clark recently said that another plebiscite would be required if Metro Vancouver municipal governments want a new tax to fund a transit-heavy capital plan.
Columnists reveal bias on municipal spending and taxation.
Asking for more money is common among municipal officials. Despite soaring transfers from higher level governments, municipalities repeatedly claim they need more because their revenue sources lack growth potential.