Allow people to exempt $3,000/mo of rent or mortgage interest costs from provincial income taxes, starting with $1,500/mo in 2026
"1) Largest tax cut for renters and homeowners in BC history – $3,000 per month of rent or mortgage interest costs will be exempt from provincial income taxes. This will be achieved by issuing a tax credit worth 5.06% of eligible housing costs, equivalent to the rate of BC’s base tax bracket.
2) Immediate relief in Budget 2026 - by exempting $1,500 per month, increasing by $500 per year to the full level of $3,000 per month. This is a clear and long-term commitment to British Columbians who work hard.
3) A fair and fiscally responsible tax credit – The 2026 budget impact will not exceed $900 million, and we will design a targeted tax credit that ensures the relief goes to people who need it to get ahead in life." — conservativebc.ca, retrieved 2024-10-08
Formally recognise housing as a human right in legislation
"Introduce legislation to formally recognize housing as a fundamental human right." — BC Greens 2024 Platform, retrieved 2024-10-09
Regulate short-term rentals to curb their impact on long-term affordable housing
Investigate implementing a property transfer tax on transfers to Real Estate Investment Trusts
"Investigate the implementation of a property transfer tax on the transfer of properties to Real Estate Investment Trusts (REITs) or limited partnerships with REIT involvement." — BC Greens 2024 Platform, retrieved 2024-10-09
"Advocate for federal legislation to ban the sale of residential units to REITs." — BC Greens 2024 Platform, retrieved 2024-10-09
Extend the Speculation and Vacancy Tax to all interested communities, with revenues going to non-market housing developments
"Extend the Speculation and Vacancy Tax to all interested communities, with revenues directed towards non-market housing development." — BC Greens 2024 Platform, retrieved 2024-10-09
Create a single income-tested housing grant for renters and homeowners alike
"Create a single income-tested housing grant for renters and homeowners alike, merging the Home Owner Grant and Renter’s Tax Credit for more equitable support." — BC Greens 2024 Platform, retrieved 2024-10-09
Apply a 2% tax on residential property values over $3M, and double existing property tax rates for homes valued over $3M, $4M, and $7M
"Apply a 2% tax on residential property values over $3 million and double existing provincial property tax rates for homes valued above $3 million, $4 million, and $7 million, ensuring high-value properties contribute more." — BC Greens 2024 Platform, retrieved 2024-10-09
"• The BC Greens will increase the taxes paid on the most expensive properties in British Columbia. We will double the existing provincial property tax rates (the ‘School Tax’) on residential property valued above $3 million to 0.4%, above $4 million to 0.8%, and add a new bracket for properties valued above $7 million at 1.5%.
• We will also apply these brackets to the total property holdings of a household, rather than assessing on a per-property basis.
• These changes will impact approximately 3.7% of British Columbian households with significant wealth. The additional revenue raised is approximately $938 million per year."
