Over the next three years, the NDP will collect an additional $75 million in insurance premium tax revenue
The BC Liberals are calling on John Horgan, and his Housing Minister Selina Robinson, to commit to helping the countless British Columbians facing massive strata insurance rates in the midst of an affordability crisis. Kamloops South Thompson BC Liberal MLA, and Housing Critic, Todd Stone “ British Columbians in condos and town-homes need action from John Horgan and the NDP, right now. Premiums are skyrocketing by as much as 400 per cent and they can’t keep up ,” said MLA Todd Stone, the BC Liberal Housing Critic. “ Despite a staggering 46 per cent of British Columbians being $200 or less away from insolvency each month John Horgan and the NDP insist there’s no rush to fix these sky-high strata insurance costs .” Of concern to condo and town-home owners throughout the province, the 2020 budget documents reveal that the NDP’s razor thin surplus is being propped up by millions of dollars in insurance premium taxes. Over the next three years, the ND...