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Ten developers are hoarding more than $2 billion worth of finished condos while families flip through listings wondering why they can't afford a place to live. Not anymore. Sell them within a year, or pay the tax.

David Eby

67,090 subscribers

223,929 views • 5 days ago •via X (Twitter)

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32 Comments

Loose Goose 🇨🇦5 days ago

If developers will be punished for building, they wont build. Then there won't be any inventory, scarcity will return and prices will rip. First he wanted to bail out the developers. Now he wants to punish them. Can't trust anything he says.

🇨🇦🍁Alex 🐶🐴5 days ago

These aren’t hoarded homes. They’re leftover inventory from an inflated market after costs soared under this government. A new tax doesn’t create demand. It forces losses, risks a taxpayer backed buyout, and tells builders to stop. That’s how you get even less supply and higher prices.

Pascal5 days ago

Like last election???

Vancity Vice5 days ago

thats a NOPE for COPE

Rich From GEN X5 days ago

June: Eby announces plan to buy unsold condos with public money and calls it "affordability." September: Eby proposes taxes on unsold condos and calls it "affordability." Three months. Exact opposite policies. Same talking point. This isn't a housing strategy. It's throwing darts at a board and hoping voters don't notice you just contradicted your

humble traveller5 days ago

Destroys Economy Destroys Land Title/DRIPA Destroys Real Estate market because of DRIPA & Economy Destroys tourism and Real Estate with Foreign Buyers laws Destroys tourism & Real Estate with Airbnb ban Wanted Carney Fed to bail out their corporate and China Dev friends

Evan5 days ago

The NDP never met a problem that couldn’t be fixed with more taxes.

Unwoke Media Inc.5 days ago

In the last 18 months, you fought Trump by giving away vast swaths of public lands to the corrupt native chiefs, and blocking pipelines and ports that could make Canada independent of Trump. Some fighting!

Banana King5 days ago

So much to discuss...

Cynthia5 days ago

Or get your NDP and liberal friends to buy them with taxpayer money

Jeff Hallock5 days ago

NDP math. Keep digging that hole chump. You’re doing great! 👍

🆒 Cliff5 days ago

Why was this not done before you called an election? I don't see why you had to hold onto this supposed power move until calling an election. Again, just seems like you’re only doing the bare minimum to LOOK like you’re helping instead of just helping all along. Why?

Andy5 days ago

Why bother buying Anything? Mortgages? Your NDP Party is just going to Force your DRIPA on home buyers. Then POOF ! Aboriginal title lands on your Fee simple titles. GONE , land equity GONE LEASE PAYMENTS & no Financing either Traitors to the People Ebys against Us

Construction Craig5 days ago

This is a disgusting overreach by a wanna-be politician

Christina B5 days ago

The condos that don't sell aren't suitable for families and you know it. Stop pretending you care about housing affordability you have done NOTHING to make home ownership possible for even upper middle class.

Strong And Free🇨🇦🇺🇸5 days ago

Spoken like a true socialist. Wealth distribution as long as the Guy implementing it is not affected

Dustin Plett5 days ago

This is, without a doubt, one of dumbest ideas I've heard for solving this problem. Punishing developers further is truly moronic. Maybe incentivize the buyers, give all buyers a five year tax holiday. Or get rid of rent controls and ridiculous renter protections on these buildings so ma and pa investors can buy these and rent them out. Feel free to steal these ideas.

Derek Chan5 days ago

I am pretty sure it is unconstitutional! Cannot force or punish private businesses for unsold inventory. Under his argument, we can do that for grocery too. A desperate move to find left wing extremist voters!

Project Accountability5 days ago

BC NDP Premier David Eby says developers should sell unsold condos “or pay the tax.” What he didn’t say today: his government’s parallel plan to buy unsold condos from developers at a discount was never cancelled, despite collapsing in backlash and getting disowned by his own PM in June. Read our thread to learn the facts 🧵

LMaj🇨🇦🍎5 days ago

What a f'en joke this guy is....

Krazy Canuck5 days ago

globalist plan just like the eu and UK next will be a vacant room tax on private home owners gov is trying to penalize home owners and developers anytime a gov don't like something they pile on more taxes. Mass immigration created the problem now they want to add taxes for it

Marie5 days ago

Resign

Apocalypticataclysm5 days ago

Eby has destroyed BC & continues to destroy our province if voted again! No one can afford Condos & now punishing developers! His traitorous deals with China & First Nations is all about selling out BC, the people & our resources. Slender Man Eby is the Real Evil Orange Man Bad!

Silly English Kniggit5 days ago

Here's a novel concept, how about people who can afford to buy them by $2 billion worth of condos?

Zach (Probably)5 days ago

Hoarding is a funny way of saying unsellable.

Kevin Skipworth5 days ago

Hoarding? Yes because they love having empty unsold product. That comment goes to show just how out of touch you are. Imagine what the $80 to $100M for this election could have done for families.

D-vill5 days ago

Weird , tax will solve it . No one thought of that 2 years ago ? 😵‍💫 This guy is just saying stuff at this point and hoping someone agrees

Bob Loblaw5 days ago

This is AFTER you get your Communst buddy Carney to pay out the ‘Privileged’ developers for their unsold condos. Now you’re going to tax the non-contributing developers to your campaign??!!?? You’re done.

Mashed Potatoes 25 days ago

More unfulfilled promises to add to the list of the unfulfilled promises from the last election. I’ll bet you my $1,000 handout from the last election. 😉

Gorilla Rob 🇨🇦5 days ago

Tax and lie. That’s about all you’re good at. #jackass

Nick Osmond-Jones 🇨🇦5 days ago

@grok doesn't BC's existing speculation and vacancy tax cover this?

Luke Halmrast5 days ago

So then why are you BAILING out these same developers in partnership with Carney & Gregor Robertson?????????

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