NDP no closer to improving housing affordability in BC

KAMLOOPS (January 2, 2020) – BC Liberal Housing Critic Todd Stone is calling on John Horgan to increase housing supply in B.C. as NDP policies have failed to make housing more affordable for British Columbians, especially first time home buyers and renters.

“Housing in the Lower Mainland is no more affordable today than it was in 2017 and rents have continued to climb,” says Stone. “Rather than getting to the root of the problem and increasing housing supply, the NDP have focused on damaging policies that have made no long-term difference in housing affordability.”

Despite the government’s efforts to moderate the housing market, recent reports have projected that home sales and prices are expected to climb further in 2020.

“The only way to truly drive housing affordability and enable more people to enter the housing market is to increase supply, and yet government policies have only stifled this development,” continues Stone. “Making matters worse, reports have shown that the government is missing the mark big-time on its housing promise of 114,000 new units of housing, having only created 2,400 new units in the past 2.5 years. For the NDP to claim victory over the current state of the housing market only shows how far they are from understanding what really needs to be done to make housing more affordable in B.C.”

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