NDP David Eby pledged to increase the speculation and vacancy tax
Eby made the announcement in Vancouver where local NDP candidates Terry Yung, Brenda Bailey and Spencer Chandra Herbert joined him.
The tax currently applies to Greater Victoria, Metro Vancouver, and 12 municipalities on Vancouver Island, the Fraser Valley and parts of the Okanagan including Kelowna, where Conservative Party of Leader John Rustad will be campaigning Friday and Saturday. The tax will extend to 13 more municipalities in January 2025. Communities can also opt into the tax, whose revenues go toward affordable housing projects.
He also used the occasion to link Conservative Party of B.C. Leader John Rustad with Lululemon founder and local billionaire Chip Wilson. A sign reading 'Eby will tell you the Conservatives are 'Far Right' but neglects saying that the NDP is 'Communist' has recently appeared outside Wilson's Vancouver home in Eby's riding of Vancouver Point-Grey. Assessment figures show the home valued at $81.7 million.
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