Dear Editor
Despite the fact the average cost of a home in Metro Vancouver is rapidly rising (now at around $1.8 million), the Christy Clark government has arbitrarily set the homeowner grant threshold at $1.2 million. Once your home value hits that amount, the grant is reduced at the rate of $5 for each $100,000 thereafter. It may not sound like much, but you can bet your bottom dollar the B.C. Liberals wouldn’t bother if a lot of cash savings wasn’t involved.
Add to this the massive increase in government revenue from a property transfer tax (the higher the selling price, the higher the tax collected), and we might have the answer to why Clark & Co. continues to be reluctant to address the current housing affordability problem.
And, of course, they’re probably busy checking our other pockets for more money to pick.
Bill Brassington Sr., Burnaby
