The Aporia
British Columbia NDP Leader David Eby proposed new taxes during his election campaign aimed at improving housing affordability, particularly targeting unsold condominiums. At a campaign stop in Burnaby, B.C., Eby announced plans to introduce a tax on finished but unsold condo units left empty for over a year, starting with a rate of 2% and increasing by an additional 1% each subsequent year the unit remains unsold. The NDP leader cited a report estimating that thousands of unsold units worth $4.4 billion are currently sitting vacant across Metro Vancouver. Eby argues this policy will encourage developers to sell these properties at more affordable prices, addressing the urgent need for housing among families struggling with high rental and purchase costs.