B.C. NDP Proposes New Measures to Boost Housing Availability

British Columbia's NDP plans a new tax on unsold condominiums left empty over a year, starting at 2% and increasing annually, aiming to improve housing affordability by unlocking about 5,000 units. The party also proposes raising the existing speculation and vacancy tax. Critics argue the tax could harm developers amid poor market conditions, while experts question its effectiveness and intent. The Conservatives oppose the tax, favoring free market solutions.