Speaking to media in Downtown Vancouver during a stop on his campaign bus tour, B.C. NDP leader John Horgan said that providing the grant and closing a loophole on fixed-term leases would help his party tackle the housing affordability crisis in B.C.
“Help is on the way,” Horgan said. “If homeowners can have a homeowner grant, renters should be able to have a grant as well.”
A homeowner grant gives a $570 property-tax break to people who own homes worth less than $1.6 million. Horgan said that a $400 rebate for each rental unit in B.C. – coupled with the NDP’s proposed hydro-rate freeze – should give renters “a little bit of hope.”
He gave no estimate of what the $400 grant would cost taxpayers, saying the details would be included in his party’s platform, to be rolled out Thursday.
Horgan also pledged to “beef up” B.C.’s Residential Tenancy Act to protect renters by closing a fixed-term lease loophole that has allowed some landlords to hit tenants with higher-than-legal rent hikes. Housing Minster Rich Coleman said in October that he would work to block the loophole this spring.
Source: Vancouver Sun