While Vancouver’s mayor lobbies the province for new taxes to curb the high cost of housing, Premier Christy Clark says the mayor should be making his own changes.
Gregor Robertson has called for luxury and speculation taxes, but Clark told reporters Tuesday she is not keen on any changes that would cause a slide in equity for homeowners.
She says the province is mulling some changes, especially for first time home buyers, but the city has a role to play.
“While the province is thinking about this, as we should, I hope cities will also think about how they can reduce the total development cost charges that they add on. In some cases in Vancouver, people will tell you it is about an extra $100,000 per housing unit that is added by the city.”
Clark says the province is mulling a range of solutions, which could be tabled in next month’s budget.