Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

‘The $500,000 threshold, on the Property Transfer Tax exemption, isn’t realistic in a majority of the markets now days -- and it’s preventing first time buyers from being able to purchase’ ~~ Trevor Bolin, leader of the Conservative Party of BC


Taking further steps, in preparation for next years General Election, the Conservative Party of BC has developed a newly agreed upon policy regarding home ownership. 

The new policy would increase the threshold to qualify for Property Transfer Tax exemption for first time home buyers, and would be based on Fair Market Value in each of the regions of the province.

Speaking by phone last night from Fort St. John, party leader Trevor Bolin stated, “Right now if you are a first-time home buyer in the province, have never owned a home, and have lived in BC for two years, you are waived from the tax providing you spend under $500,000!

Have you seen what some of those options are, for under $500,000, in our major markets?”

Doing a bit of research, it’s not hard to see why a chance is desperately needed. 

For example, last May the average price of a new single detached home in Nanaimo was $689,380 -- late last year in Kamloops, a single-family home went past the half million-dollar mark for the first time; an average $521 thousand -- and right now the average cost of a home in Abbotsford is $658 thousand.

Meantime housing prices in the metro Vancouver region are well over the million-dollar mark – including $1.4 million for a two-story family home in Vancouver itself.

According to the Conservatives, most families will never be able to afford those kinds of prices because the current NDP government of Premier John Horgan, and the previous government (which BC Liberal leader Andrew Wilkinson was part of), haven’t done enough to both encourage, and enable, home ownership in the province.

“We have seen them create vacant taxes, and foreign buyer taxes ... but nothing to stimulate hard working British Columbians from achieving the dream of home ownership”, Conservative Party of BC leader Trevor Bolin stated to me.

“The $500,000 threshold, on the Property Transfer Tax exemption, isn’t realistic in a majority of the markets now days -- and it’s preventing first time buyers from being able to purchase.

Bolin then continued, “This threshold for qualifications needs to be raised, and the benefits made available to hard working British Columbians who deserve a more affordable home ownership option.”

“This old tax needs a re-write that’s current for 2020 and beyond”, commented the Conservative leader.

“Families, who have worked hard to save, deserve the opportunity to achieve home ownership and a place something to call their own, if that’s what they choose to do.”

“The Conservative Party of BC is the only party that will update this tax -- for the benefit of British Columbians”, Bolin concluded.
Labels:

Comments

Post a Comment

Popular posts from this blog

FORSETH -- Focus on the nine things I mentioned. That’s what will allow the Conservative Party to win the next election

IMAGE CREDIT:   Darryl Dyck, the Canadian Press. I thought I had already made up my mind who I would be ranking on my ballot, in the Conservative Party of BC leadership race; now I am not so sure.  That means that, at least for me, and perhaps many others, it’s a good thing voting hasn’t already taken place. There were initially only one or two of the candidates that I thought might be a little too right of centre for my liking, now it seems that list is growing. I consider myself more closely aligned with what used to be called a Progressive Conservative, regardless, I feel more than comfortable within the Conservative Party of BC.  Some, however, in messages to me on my political Facebook page, have been rather, shall we say, a bit mean-spirited in comments they’ve made about my ‘purity’ as a conservative. To tell you the truth, I really don’t care! Some leadership candidates, in comments made online, have also been raising the issue of who is a pure enough conservati...
Post a Comment
Read more

WARD STAMER -- Those are REAL forestry numbers, not just made-up numbers

The following is a condensed version of remarks Kamloops – North Thompson MLA Ward Stamer’s made, regarding Forestry, in the BC Legislature, on Tuesday afternoon (02/24/2026)   Let’s talk a little bit, when we talk about Budget 2026, about the forest industry, which is near and dear to my heart. Forestry remains one of British Columbia’s foundational industries. It’s a pillar that built this province. Entire communities depend upon it. Interior towns, northern communities, Vancouver Island regions, the Kootenays, the Lower Mainland, with manufacturing facilities in Surrey and Maple Ridge, just to name a few — everywhere in BC is touched by forestry. One word that was not mentioned in Budget 2026 was forestry. That’s a shame, an incredible shame. It wasn’t an oversight – it was intentional. This government has driven forestry into the ground .... INTO THE GROUND! We can talk a little bit about some of the initiatives that this government has brought forth, to try to resurrect ...
Post a Comment
Read more

Your government has a gambling problem (Troy Media)

Provinces call it “revenue,” but it looks a lot like exploitation of the marginalized The odds of winning Lotto Max are about 1 in 33 million. You’re statistically more likely to be struck by lightning than to win it. But your government is betting that statistics won’t hold you back; they’re counting on it. Across Canada, provincial governments not only regulate gambling, they also maintain a monopoly on lottery and gaming by owning and operating the entire legal market. That means every scratch card is government-issued, gambling odds are government-set, casino ads are government-funded and lottery billboards are government-paid. And these are not incidental government activities. They generate significant revenues that governments have powerful incentives to expand, not constrain. It would be one thing for our governments to encourage us to engage in healthy activities. We can quibble about whether the government should be trying to convince us to be more active or eat more vegetabl...
Post a Comment
Read more

Labels

Show more