Today in the Legislature I offered a number of practical steps that government could take to address Vancouver’s growing affordability crisis. It’s been more than two years now since I first raised these issues. As noted below, there are at least three dimensions to the problem: 1) government incentivized speculation; 2) preponderance of vacant homes; 3) non-enforcement of illegal realtor transactions.

First, I reintroduced a Private Member’s Bill entitled Bill M201 Land Title Amendment Act, 2016. If enacted, this bill would amend the Land Title Act to reintroduce and expand provisions that were previously in the Act. Such provisions will help determine who is purchasing property in BC. It would allow the government to determine foreign investment flows, the role corporations are playing, and whether we are seeing speculation in our market coming from other regions of Canada.

Second, while government has finally committed to take action to ensure enforcement of the Real Estate Services Act, nothing is being done to address the growing number of empty homes in Metro Vancouver. It’s beginning to happen here in the CRD as well. In addition, government has allowed a speculative tax loophole to remain open. Previously I’ve referred to this as a loophole so big you could drive a bus through it.

During question period I asked government about both of these. I asked about closing the Bare Trust loophole and whether government will introduce legislation that taxes vacant properties in urban areas in a revenue-neutral fashion to ensure that the money becomes available to pay the social costs associated with the lack of affordable housing. This would also incentivize the renting of vacant homes, thereby increasing affordability by increasing rental supply.

As you will see from the response I got from Minister de Jong (ignoring the banter with Minister Andrew Wilkinson who was heckling me), I am cautiously optimistic that we will see something in the budget to address at least some of the issued I raised. I’ll be reporting back on this after the release of the budget next Tuesday.

Below I reproduce the Question Period exchange. Following that I append the text and video of my speech as I introduced Bill M201 Land Title Amendment Act, 2016. Finally, I include a copy of the media release that we sent out today.

Text of Question Period Exchange

A. Weaver: I must admit I found that rather entertaining, if not…. I’m searching for an answer within the rebuttal there. But for more than two years now I’ve been raising the issue of affordability and speculation in the housing market.

There are at least three dimensions to this:

(1) incentivized government speculation;

(2) a preponderance of vacant homes, and

(3) non-enforcement of illegal realtor transactions.

I just reintroduced a bill to amend the Land Title Act, thereby providing government with access to critical information needed to understand who is actually buying properties in our province. Government inaction plays a substantive role in fostering speculation. The bare trust loophole that I’ve raised several times in this House for several years allows wealthy individuals and corporations to avoid registering at the land title office and so avoid paying B.C.’s property transfer tax.

Interjection.

A. Weaver: The Minister for Advanced Education clearly does not understand fundamental real estate, or he would actually understand here a little bit more about where I’m going with this.

Will the Minister of Finance introduce legislation to close the loophole — that we are the only province in the country that still allows to exist — by following the lead of Ontario to actually apply the property transfer tax upon change in beneficial ownership instead of change in title? And if not, why not?

The Minister of Advanced Education should know better than to actually pretend this is not an issue in British Columbia, because it is. I speak to real estate developers, I have spoken to mortgage lenders, and I know that this loophole is being used in British Columbia for speculative purposes and to avoid paying property transfer tax.

Hon. M. de Jong: I think there are two issues, and to be fair, the member has raised them at various times and today used another tool of the Legislature to highlight one of them: the collection of information. I’m going to be a little cautious about what I say today except to acknowledge that the unregistered transferring of interests in real property in British Columbia does have an impact. It also does have an impact on the amount of property transfer tax and the mechanism by which we collect the property transfer tax.

I am cautiously optimistic that when the member has an opportunity to see some of the provisions of the budget that will be tabled on Tuesday of next week, he will find at least some aspects of that document to find favour with that will respond to some of the concerns that he’s outlined today.

Madame Speaker: Oak Bay–Gordon Head on a supplemental.

A. Weaver: I hope on that day when I see that, the Hon. Minister of Advanced Education will eat some humble pie, but I suspect that may not happen.

Interjection.

A. Weaver: Hon. Speaker, I have to respond. The minister suggests I have a PhD in climate change. I don’t. I have a PhD in applied mathematics. This points the fact that the members opposite clearly are not able to get their facts right on so many issues.

When I was door-knocking in Coquitlam–Burke Mountain in one area a few weeks ago, I passed empty houses — empty house after empty house. I went so far as to estimate that one in three of the homes that I knocked the door on were empty. Houses, townhouses and condos that remain empty are driving up the price of real estate, making housing less and less affordable for far too many British Columbians.

Will the Minister of Finance introduce legislation similar to what’s being considered elsewhere — in particular, Sydney, Australia, where the exact same problem is happening — that taxes vacant properties in urban areas in a revenue-neutral fashion to ensure that the money becomes available to pay the social costs associated with the lack of affordable housing?

Hon. M. de Jong: I feel like a spectator at the Cambridge-Oxford regatta here.

Let me say this. I will say candidly I’m not entirely drawn to the specific example that the member cites, with respect to the Australian jurisdiction.

I will say this. I think the idea that is captured within the private member’s bill that he has tabled earlier today has merit and relates to the need and the advisability of beginning by ensuring that we have a reliable database that tells us more about what is taking place in the market.

Beyond that, I’ll have to ask the member to be patient for a few more days.

Video of Question Period

Text of my Speech

A. Weaver: It’s with great pleasure that I move introduction of a bill intituled Land Title Amendment Act, 2016.

Motion approved.

A. Weaver: I’m pleased to be reintroducing a bill that offers government one of the tools it needs to begin to properly assess and act upon the affordability-in-housing crisis affecting Metro Vancouver and emerging here in the capital regional district as well.

There’s been significant conversation in the past few months about the role that speculation is playing in our market. The government came out with a number of documents purporting that foreign investment wasn’t a factor. These studies were vague and lacked any links to clear, rigorous evidence that supported the claim.

It’s with this in mind that I bring this bill forward today. The bill amends the Land Title Act to provide the government with the means of determining who is purchasing property in B.C. This includes both foreign investment flows — the role that corporations are playing in purchasing property — and if we have significant speculation coming from other places in Canada.

To be clear, this bill is not about identifying what specifically is driving housing prices to unsustainable rates, but, rather, to ensure that the government is informing itself so any future policy measures are based on a better understand of what is happening with our provincial real estate industry.

I move that the bill be placed on the orders of the day for second reading at the next sitting of the House after today.

———

Bill M201, Land Title Amendment Act, 2016, introduced, read a first time and ordered to be placed on orders of the day for second reading at the next sitting of the House after today.

Video of my Speech

Accompanying Media Release

Media Release – February 11th, 2016
Andrew Weaver questions government action in the housing market
For immediate release
 
Victoria, BC – Andrew Weaver, Leader of the Green Party and MLA for Oak Bay – Gordon Head, says that government policy is contributing to the rampant speculation in Vancouver’s housing market and that it could take simple steps to start addressing the issue now.

“Speculation in Vancouver’s housing market is not a new issue” says Weaver. “Suddenly, with the potential of fraud occurring the Premier has called on the Real Estate Council to take action. However there are a number of steps the Provincial government could take right now to clamp down on this out-of-control problem.”

Earlier today Weaver introduced a Private Member’s Bill titled the Land Title Amendment Act. The legislation would allow government to track the source of home purchases throughout the Province to better understand the effects that foreign and domestic speculation is having in BC.

“Tracking who owns property through a simple amendment to the Land Title Act would give government the information it needs to see the role foreign ownership is actually having in our marketplace.”

Weaver also used question period to probe the Minister of Finance about whether the government would act to close a loophole that contributes to incentivizing the speculative real estate market in B.C.

“Legal entities like the bare trust, whether by design or by omission, are helping drive the speculative real estate market in B.C.,” said Weaver. “It is essential that we begin to ratchet down on these practices so that houses aren’t simply treated as commodities, but as essential building blocks for healthy communities.”

The bare trust loophole allows wealthy individuals and corporations to avoid registering at the Land Title Office and so also avoid paying BC’s Property Transfer Tax.

Weaver also probed the Minister of Finance about any action that will be taken to follow what other jurisdictions are doing, and explore the use of a tax on vacant properties, in a revenue neutral fashion, in order to help pay for the costs associated with the lack of affordable housing.

“There are at least three dimensions to this problem in Metro Vancouver: government incentivized speculation; preponderance of vacant homes and non-enforcement of illegal realtor transactions,” said Weaver. “While it is great that this government is finally starting to pay attention to what is happening in the Lower Mainland housing market, their first step has been to call upon others for action. The reality is there are a number of actions that this government could take to address all three aspects of this issue. I’m am calling on them to take these steps.”

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Media Contact

Mat Wright
Press Secretary – Andrew Weaver MLA
Cell: 250 216 3382
Mat.wright@leg.bc.ca
Twitter: @MatVic

Media Statement: December 10, 2015
Andrew Weaver: Lack of Poverty Reduction Plan in British Columbia Unacceptable
For Immediate Release

Today, Andrew Weaver, MLA for Oak Bay Gordon Head and Leader of the BC Green Party, reiterated his call for the Provincial Government to develop a comprehensive strategy to end poverty in our province. British Columbia is now the only Province without a poverty reduction plan, yet is projected to have the fastest growing economy in the country.

“It is unacceptable that in a province with an economy as strong as ours that we are the only ones neglecting our responsibility to our citizens who are struggling to afford the cost of living,” said Andrew Weaver.

An October 2015 report by Citizens for Public Justice showed British Columbia had a 16.3% overall poverty rate and was the only province left that had not advanced a poverty reduction strategy. CIBC World Markets released a report in November predicting British Columbia would lead the country in terms of economic growth in 2016.

In response to the tent community on the lawn beside the Victoria Law Courts, the government has pledged more money for a new shelter in the region, and that campers would be asked to leave if they didn’t accept the province’s offer of housing. The Premier also suggested that the best way to fight poverty was to let the economy grow.

“This is what is wrong with our poverty reduction policy in British Columbia,” said Andrew Weaver. “We have a government that advances short term solutions like shelters, while suggesting for years that we need to wait for our economy to grow before we can take real action. Now we have the fastest growing economy in the country and we still haven’t advanced a plan.”

Other jurisdictions are finding ways to address poverty issues while saving the government money. Housing-first poverty strategies have been one of the foundational aspects of poverty reduction plans in Utah, Denver, Medicine Hat and a growing number of other jurisdictions. This approach recognizes housing insecurity as a key systemic issue contributing to poverty and shifts from emergency management of homelessness, to providing homes for those who need them.  By addressing this issue head-on, rather than through a patchwork of services, government costs are ultimately reduced.

“A good place for a poverty reduction plan to start would be addressing the difficulties British Columbians are having finding affordable and supportive housing,” said Andrew Weaver. “This isn’t an either or – we need to continue to develop a strong economy, while ensuring that British Columbians aren’t being left out in the cold.”

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Media Enquiries:

Mat Wright
Press Secretary – Andrew Weaver MLA
Cell: 250 216 3382
Mat.wright@leg.bc.ca
Twitter: @MatVic

Parliament Buildings
Room 027C
Victoria BC V8V 1X4

At the UVic University Club on November 24, 2015 I formally announced my intention to seek the leadership of the BC Green Party. And on December 7, 2015 I was elected by acclamation as our new leader. Below is the text of the speech that I gave at the announcement. In the speech I outlined the reasons why I sought the leadership and I offered a vision for a prosperous future for all British Columbians.

Introduction

Thank you Elizabeth. You’ve been an absolute inspiration to me. And I am honoured that you were able to make it to tonight’s event knowing that you will be heading to the COP21 meeting in Paris imminently.

I’m also very grateful to Claire Martin for coming over from Vancouver to act as our MC. I know that she’s also off to COP21 shortly. And I am especially grateful to Butch Dick from the Songhees nation for welcoming us tonight.

Finally, this event tonight would never have happened if it weren’t for the efforts of the incredible group of individuals that I have the honour of working with: Judy Fainstein, Mat Wright, Evan Pivnick and Karin Lenger along with all of the volunteers. Thank you.

It’s humbling for me to see so many people here. I sincerely appreciate you all joining me this evening and I look forward to answering your questions and chatting with you one on one afterwards.

The University Club in which we stand has a special meaning to me. It first opened in 1967 in the old army hut that stands today as E-Hut. I remember as a little boy being taken by my parents to visit Santa at the annual Christmas parties, including the very first one they hosted. Over the years I’ve had many dinners and attended countless functions in the old E-Hut facility. And in 1982, when Phase II of the University Club was completed — the building we are in now — I had just started my final year of undergraduate studies.

I left Victoria in 1983 and it wasn’t until 1992 that Helen and I returned to our hometown. As a young faculty member I joined the newly created School of Earth and Ocean Sciences, appropriately located in E-Hut, the former location of the University Club. In 1992, if someone would have told me that I would be standing in the University Club as the elected BC Green Party MLA for Oak Bay Gordon Head, I would have thought they were crazy.

I was a scientist. I was a teacher and I had no interest in politics.

Yet two decades later, in the fall of 2012, Jane Sterk, after a number of previous attempts finally convinced me to run in the May 2013 provincial election.

I had spent many years understanding the basic physics of the past, present and future climate system. It became evident that global warming was emerging as the defining challenge of our time, and that there were enormous opportunities available to those jurisdictions that were first to act boldly in transitioning to a low carbon economy.

I advised governments at all levels on available policies that could allow them to seize those opportunities. And I saw British Columbia begin to show leadership by doing just that.

But as the government then shifted all of its efforts, and all of its hopes, to the LNG pipedream, I saw us lose that leadership. I watched as we went from leaders in developing a 21st century economy, to laggards, scurrying back to the 20th century, hoping for an out-dated and unrealistic LNG windfall. For three years now I’ve been saying the same thing. The economics simply does not work for BC to build a thriving LNG industry any time soon.

As I watched our provincial leadership unravel, I was reminded of something I would tell my students. If you want your government to show leadership on the issues that you care about, I would tell them that you need to elect people who will act on your concerns. Or, if you feel like none of the candidates is seriously addressing the issues you are worried about, you should consider running for office yourself.

Ultimately, I decided that I needed to take my own advice. I ran for office because I saw an opportunity to help build a vision that would put our province on a path of developing a 21st century diverse and sustainable economy. Now, after 2 1/2 years in office, it’s clear to me that this is more important than ever.

In the shadows of the massive challenges that we face, our province needs new leadership.

Leadership that offers a realistic and achievable vision grounded in hope and real change.

Leadership that places the interests of the people of British Columbia — not vested union or corporate interests— first and foremost in decision-making. And it’s not only today’s British Columbians that we must think about, it’s also the next generation who are not part of today’s decision-making process.

Leadership that will build our economy on the unique competitive advantages British Columbia possesses, not chase the economy of yesteryear by mirroring the failed strategies of struggling economies.

Leadership that will act boldly and deliberately to transition us to 21^st century economy that is diversified and sustainable.

Leadership that doesn’t wait for public opinion — but rather builds it.

It’s clearer to me now than ever before. The province needs new leadership bringing new ideas, new direction and new people to the legislature. For too many decades British Columbia has had to put up with our two-party dichotomy of dysfunction.

On the left there’s the BC NDP. Frankly there’s nothing new or anything particularly democratic about the BC NDP. On the right we have the BC Liberals. And there is absolutely nothing liberal about the BC Liberals.

Too often British Columbians vote for the BC Liberals not because they like what they stand for, but rather because they dislike what the BC NDP stand for. Too often British Columbians vote for the BC NDP not because they like what they stand for, but rather because they dislike what the BC Liberals stand for. And therein lies our opportunity.

The BC Greens will offer British Columbians candidates, ideas and policy that they can vote for, instead of vote against. It’s time for us to create a third viable option.

And so, with the knowledge of the opportunities and challenges that lie ahead, I announce my candidacy for the Leadership of the BC Green Party.

To an Economic Vision for the 21^st Century

We have a unique opportunity in British Columbia to be at the cutting edge in the development of a 21st century economy.

Our high quality of life and beautiful natural environment attract some of the best and brightest from around the globe —we are a destination of choice. Our high school students are consistently top ranked — with the OECD specifying BC as one of the smartest academic jurisdictions in the world. And we have incredible potential to a create clean, renewable energy sector to sustain our growing economy. When we speak about developing a 21st century economy — one that is innovative, resilient, diverse, and sustainable — these are unique strengths we should be leveraging.

Unfortunately, instead of investing in a 21st Century economy, our government has banked all its hopes on an irresponsible, unrealistic fossil fuel windfall, with its Liquefied Natural Gas sector. We are already seeing these promises unravel as we chase a falling stock, doubling down on the way.

A 21st century economy is sustainable — environmentally, socially and financially. We should be investing in up-and-coming sectors like the clean tech sector, and creative economy that create well-paying, stable long-term, local jobs and that grow our economy without sacrificing our environment.

We should be using our strategic advantage as a destination of choice to attract industry to BC in highly mobile sectors that have difficulty retaining employees in a competitive marketplace. We should be using our boundless renewable energy resources to attract industry that wants to brand itself as sustainable over its entire business cycle, just like Washington and Oregon have done. We should be setting up seed funding mechanisms to allow the BC-based creative economy sector to leverage venture capital from other jurisdictions to our province. Too often the only leveraging that is done is the shutting down of BC-based offices and opening of offices in the Silicon Valley.

We should fundamentally change the mandate of BC Hydro. BC Hydro should no longer be the builder of new power capacity. Rather, it should be the broker of power deals, transmitter of electricity, and leveller of power load through improving British Columbia power storage capacity. Let industry risk their capital, not taxpayer capital, and let the market respond to demands of cheap power.

Similarly, by steadily increasing emissions pricing, we can send a signal to the market that incentivises innovation and the transition to a low carbon economy. The funding could be transferred to municipalities across the province so that they might have the resources to deal with their aging infrastructure and growing transportation barriers.

By investing in the replacement of aging infrastructure in communities throughout the province we stimulate local economies and create jobs. By moving to this polluter-pays model of revenue generation for municipalities, we reduce the burden on regressive property taxes. Done right, this model would lead to municipalities actually reducing property taxes, thereby benefitting home owners, fixed-income seniors, landlords and their tenants.

Yes, we should be investing in trade skills, as described, for example, under the B.C. jobs plan. But we should also be investing further in education for 21st century industries like biotech, high tech and clean tech. It’s critical that we bring the typically urban-based tech and rural-based resource sectors together. Innovation in technology will lead to more efficient and clever ways of operating in the mining and forestry industries. Just last week, for instance, I was told the story of a BC-based technology innovator partnering with a local mine to dramatically improve the efficiency and environmental footprint of their mining operations. Rather than hauling thousands of unnecessary tonnes of rock to a crusher for processing, the new technology allowed the rocks to be scanned for gold content on site. This meant that prior to trucking, the company could determine if it was more cost-effective to simply put the rock to one side for use as fill later.

Natural gas has an important role to play. But, we should use it to build our domestic market and explore options around using it to power local transport. BC businesses such as Westport Innovations and Vedder Transport have already positioned British Columbia as an innovative global leader in this area.

We should be investing in innovation in the aquaculture industry, like the land-based technologies used by the Namgis First Nation on Vancouver Island who raise Atlantic salmon without compromising wild stocks.

The logging industry is booming yet we send record amounts of unprocessed logs overseas. Now is the time to retool mills to foster a value-added second growth forestry industry.

These are just a few ideas that could help us move to the cutting edge in 21st the century economy.

Fundamental to all of these ideas is the need to ensure that economic opportunities are done in partnership with First Nations. And that means working with First Nations through all stages of resource project development – from conception to completion.

To the issue of Affordability

A 21st century economy must also be an affordable one.

Right now, over half a million British Columbians are currently living in poverty. Today’s report issued by the BC Child and Youth Advocacy coalition noted that one in five children overall in BC live in poverty. More than 50% of children in single-parent families live in poverty. This is unacceptable.

The government responds to these facts with the same old mantra: It can’t do more until the economy grows. Yet, we hear year after year from the government that the economy is growing. The fact is, we have seen growth, we have money to invest, and we know that if we invest capital smartly we will actually save in operating costs. So let me offer just one or two ideas of where we should start:

Let’s fix the Registered Disability Savings Plans and Registered Educational Savings Plans. Currently, RDSPs and RESPs do not receive the same protection that RRSPs and RRIFs do when a family or individual is faced with bankruptcy. This means that when faced with bankruptcy, these already vulnerable individuals lose the one thing that would otherwise provide a glimmer of hope for a financially stable future. By simply providing creditor protection for disabled individuals and children’s education funds we can make the pathway out of poverty that much easier for those individuals experiencing bankruptcy. And let me be clear: This is a policy change—it doesn’t cost anything.

At the same time we know from other jurisdictions, that by providing chronically homeless individuals with a home through Housing First Policies, we not only provide individuals with a basic human right — shelter — but also better health outcomes, all while realizing long-term, overall net savings to government.

Medicine Hat saw a 26% decrease in emergency shelter use in just four years and has housed over 800 people, including over 200 children. Utah has reduced chronic homelessness by 72% as of 2014. A housing first pilot project in Denver, Colorado found emergency related costs and incarceration costs declined by 72.95% and 76% respectively, while emergency shelter costs were reduced by an average of $13,600 per person. Canada’s own At Home/Chez Soi study found that for every $10 invested in housing first services there was an average savings of $21.72.

And we need to deal with rampant speculation in our housing market. Simple steps like closing the Bare Trust Loophole would be effective. Or, as I introduced in a private members bill earlier this year, providing government the means of determining who is purchasing property in B.C. This includes determining both foreign investment flows, the role that corporations are playing in purchasing property and if we have significant speculation coming from other places in Canada.

The solutions to our province’s affordability crisis are out there, and those solutions themselves are affordable. We just need to invest in them. Given everything we know, the question becomes this: how can we afford not to?

To the issue of Health Care

The need for affordability must extend to quality health care too.

We can be proud that B.C. was recently ranked the healthiest province in Canada. This ranking shines a positive light on the healthy lifestyle choices British Columbians make each day. Yet, while we celebrate our successes, we must also remember that our health care system faces serious challenges.

With a highly regressive health care funding system, an aging population, major gaps in primary care, and surgery waitlists lasting anywhere from months to years, it is time for government to take a serious look at how our Health Care System is funded and administered.

British Columbia is the only province in Canada that continues to charge MSP premiums. Such premiums unfairly burden low and fixed income British Columbians with an overly heavy tax burden. With individuals earning a net annual income of $30,000 paying the same monthly flat fee as those earning $3,000,000 per year, it is evident that MSP premiums are perhaps the most regressive form of taxation in B.C.

Instead of charging MSP premiums, we should look at shifting to alternative, more progressive options such as was done in Ontario and Quebec. Rather than flat-rate fees, health premiums can be paid through the personal income tax systems. This avoids the regressive effects of flat-rate premiums and diminishes the additional costs associated with administering the MSP program.

But it can’t stop there. We also need to address the growing gaps in primary care. Doctor shortages and long wait times to get an appointment have led to increased use of walk-in clinics and emergency room services. Unfortunately, this can be costly for both patients and our health system, as a lack of follow-up and co-ordination can mean problems are missed or poorly managed.

Let’s look at investing more in Nurse Practitioners to help close some of these gaps and provide the high quality and timely care that British Columbians pay for and need. Let’s find more effective ways of funding these Nurse Practitioners. Let’s re-examine our approach to the delivery of chronic care services. Relying on acute care services, such as walk-in clinics and hospital emergency rooms, to deal with chronic health issues is both costly and inefficient.

Let’s consider increasing community and at-home care programs, which have been shown to provide better care at a more affordable cost. And let’s lobby the Federal government for our fair share of Canadian Health Transfer revenue, a share that reflects our demographics and the actual cost of delivering health services.

The possibilities for improving our health care system are plenty. As our population continues to age and gaps in primary health care continue to grow, it is more important now than ever to commit to re-examining how we provide affordable, quality health care in B.C.

To the issue of Education

Public education represents perhaps the most important investment government can make for the prosperity of our province. Each and every one of us has attended school and that experience has shaped who we are, what we do and how we contribute to society. And public education is absolutely critical in teaching the next generation of British Columbians to think critically, contribute responsibly to society, and become the leaders of tomorrow.

Given this, why have we not shown more leadership in the Education sector?

At the end of the strike last year, the government spoke about “an historic six-year agreement…which means five years of labour peace ahead of us.”

The implication of this sound bite is NOT that government is stepping up to the task of finding new ways to fund and deliver a leading public education system. The reality is that they are stepping back, allowing their dysfunctional relationship with teachers to simmer, only to boil over again in a few years.

We are stepping back despite an overall 18% and a whopping 44% aboriginal six-year high school non-completion rate. We have school boards at a loss for how to fund their operations due to seemingly endless budget cuts. Surely this is not indicative of a government properly valuing publication education.

It is time for the government to take leadership.

Leadership means ensuring that the resources needed for success are provided. Over the last 13 years, education funding as a percentage of provincial GDP has declined from a high of about 6.4% to an estimated low of about 5.0%. This is not indicative of a government that is prioritizing education. We need to find new, progressive funding sources to reinvest in education.

Leadership means acknowledging that behind the curtain of the BC Public School Employers’ Association is the provincial government. Yet it is the government, not BCPSEA, that draws the lines in the sand on funding. By dismantling the BCSPEA and bringing its operations back into government, a signal could be sent that government is serious in developing a new relationship with teachers.

Leadership also requires a clear eyed assessment of what’s working, and what isn’t – and clearly a ‘one size fits all’ approach isn’t working. The needs on Haida Gwaii, are different from those on Vancouver Island which in turn are different from those in Surrey or Prince George. Now is the time to explore whether or not class size and composition negotiations are better conducted at the school district level instead of the provincial level.

The status quo on education isn’t addressing the growing challenges. We cannot wait until the next labour dispute. Now is the time to sit down with stakeholders and start a dialogue about what a 21st century education system looks like, including how it is funded.

To the issue of Leadership

Our present provincial political leaders seem to have forgotten the essential traits of a successful leader: being principled, honest, authentic, trustworthy and having integrity. Our political leaders must have the courage to be honest with British Columbians about the risks and consequences of any government decision. Honest about the consequences of reckless hyperbole of government promises.

Perhaps the most striking illustration of the lack of honesty in BC’s political discourse has to do with LNG. In the lead-up to the last election, British Columbians were sold a bill of goods by this government. The promise of 100,000 jobs, a $100 billion prosperity fund, a $1 trillion hit to GDP, a debt-free B.C. and on and on.

This government has spent the last three years touting B.C.’s imminent LNG industrial boom. They sent a signal to the market that if industry wanted to do business in B.C., it had better have something to do with LNG. Yet BC’s venture into LNG has been a monumental failure.

The undeniable truth is that British Columbians were sold a bill of goods in that last election that will not come to pass.

Unfortunately it is British Columbians who will bear the consequences of the BC Liberal decisions.

The government’s all in approach on LNG has seen us lose our place of leadership in developing a 21st century economy.

But it’s not too late to reverse this. What we need is a renewed commitment to evidence-based decision making, and a government that is honest with its citizens.

Leadership builds public opinion – it doesn’t follow it. We need politicians who put the good of the province ahead of the good of the party.

This is the type of leadership that is absent from both the BC LIberals and the BC NDP. The BC Liberals will tell you whatever it takes to win. The BC NDP take positions based on what the BC Liberals do, rather than on what the evidence tells us. They try to be all thinks to all people and hence are paralysed by the decision-making process.

One only needs to sit in the legislature for a single debate to see that positions are taken based on the politics of an issue, rather than the evidence behind it.

British Columbians expect more than this. They want to see government acting to help all British Columbians – not merely those who voted – or funded them. This means an honest and open commitment to seek out perspectives and ideas of others and evaluate them based on their merit. Not their source.

To the issue of Choice

There is a choice that we will face in 2017. Another four years of the same old, same old politics as usual that has been working for far too long against the interests of British Columbians, or a new approach to politics that will focus on putting the interests of British Columbians first.

The BC Green Party is the only party that will offer British Columbians a real choice and a real vision for the province. We will offer real leadership with new candidates who run to put British Columbians first and break down the dysfunctional cycle of partisan politics that has dominated British Columbia for far too long.

It will take all of us to bring this vision forward. We have a lot of hard work ahead of us.

But together we will build a prosperous future for all British Columbians.

Thank you everyone for coming tonight and I look forward to your support in the lead up to the 2017 provincial election.

CBC Radio Interview Shortly Before the Event

Today in the legislature we proceeded to second reading of Bill 40 – Natural Gas Development Statutes Amendment Act, 2015. Bill 40 introduces a number amendments being made within the jurisdiction of the Minister of Natural Gas Development and Responsible for Housing. I am supporting this important piece of legislation for reasons that I outline in my speech below.

First, this legislation enables the Oil and Gas Commission to develop and regulate any potential carbon capture and storage initiatives in BC. As I noted in my speech, in my view this is critical for future atmospheric carbon dioxide removal. And British Columbia is the home of the world’s first pilot project to test the viability of technology for use in commercial scale carbon scrubbing. This exciting project is the brainchild of Canadian researcher David Keith, now a professor at Harvard University, and is being developed a Calgary-based company Carbon Engineering.

The second aspect of this bill concerns important changes changes to the Residential Tenancy Act and the Strata Property Act. They allow tenants to break a fixed-term tenancy agreement with one month’s notice to escape family violence or if a tenant moves to a long-term care facility. Electronic repayments of a tenant’s damage deposit is now also allowed.

The Strata Property Act changes allow an 80% instead of a 100% vote to wind down and subsequently disband a strata. I discuss this more in the speech below.

Text of Second Reading Speech

A. Weaver: It gives me great pleasure to stand and rise in support of Bill 40, the Natural Gas Development Statutes Amendment Act, which, as has been mentioned already by several members both in opposition and in government, is really an amalgamation of two bills that reflect the two separate mandates of the minister involved in housing and natural gas.

Now, I will say off the bat that I do appreciate the introduction of the carbon-capture-and-storage-enabling legislation, as well as the amendments to the Strata Property Act and the Residential Tenancy Act, as I do believe they are fine pieces of legislation. But there is…. Again, the devil will be in the details, and I will explore that further in committee stage of the debate.

I would also like to thank, at the onset here, the ministry staff for providing us — my office and, in collaboration and at the same time, the member for Delta South’s office and her staff — with a very fine briefing that allowed us to ask many questions to gain insight as to the intentions of this legislation.

Now, as I’ve mentioned, I do recognize the importance of carbon-capture-and-storage-enabling legislation. My concern with this is not so much that enabling legislation is being introduced, but it’s being introduced under the purview of the Oil and Gas Commission. Let me please explain why I would do that.

There are two aspects to carbon capture and storage. There are the aspects with respect to capture and storage from what’s called geological carbon. That’s carbon that’s contained in our fossil fuels — the combustion of coal and the combustion of natural gas produce carbon dioxide. And that carbon dioxide, it’s been thought…. It has in some jurisdictions been stored underground. B.C. has a rich history of capture and storage in the sour gas component of the natural gas industry, so there is some expertise here in British Columbia already in terms of underground gas storage.

However, the second aspect of carbon capture and storage is capturing and storing not fossil carbon but present-day carbon in the atmosphere. We have, in Canada, a company that has developed under the intellectual leadership and scientific analyses and studies of David Keith, now at Harvard University, formerly at the University of Calgary. This company called Carbon Engineering has actually built its very first test site in Squamish, B.C., to capture and sequester carbon that’s already in the atmosphere.

Now, this is an example of innovation in British Columbia that I haven’t heard anything about from the opposite side. This is an example of innovation in carbon capture technology that actually is what we do need to go down sooner rather than later — that is, drawing down carbon from the atmosphere that’s already there, because the climate change in store as we equilibrate to existing levels of greenhouse gases will be profound.

So this technology, embedded within the company Carbon Engineering and situated in Squamish now with their first test facility, is fascinating in that what it does is it brings in air from the atmosphere. It then takes that air and mixes it so that you get out of that a liquid product that then reacts with solid products to create calcium carbonate. The carbon dioxide is now stored in this so-called wet phase in these little pellets. These pellets are then heated, and the pellets can then be recycled to create more calcium carbonate. In that heating process, you produce a stream of pure carbon dioxide. Now that carbon dioxide, which is a pure stream, originated in the atmosphere and can be stored in carbon capture and storage.

I believe that this government should be putting this legislation not in oil and gas but in the Environment Ministry. We have no hope of any realistic LNG coming to B.C. anytime soon. I’ve been saying that for over three years now, and I’m still waiting to eat my words as the Minister of Natural Gas said I will be doing. I notice he’s not listening right now. But I would love to be in a position of eating my words. I’m still not eating them.

Let me quote from a news release that was issued yesterday on Bloomberg — a news story from the Goldman Sachs group, which says the following: “A wave of new supply from Australia to the U.S. is deepening a glut of the fuel, raising the risk of losses for exporters and prompting some buyers to look at breaking contracts with suppliers.” Those are existing contracts.

Goldman Sachs is not a fly-by-night organization. Goldman Sachs has forecast a 13 percent drop in LNG prices in 2017 and a further 23 percent drop by 2018. And the U.S. starts shipping LNG in January of 2016.

We have no hope, yet this government is pursuing carbon capture in the oil and gas sector and is missing out critical opportunities in the innovative carbon capture sector with a Canadian company, a Calgary company, whose first test plant anywhere in the world where this is being done is in Squamish, B.C.

Do we hear anything about that? No, we hear about this fantasy of LNG, on and on. That is why it is deeply troubling that this will actually be contained within the Oil and Gas Commission because, frankly, carbon capture and storage is more than about oil and gas. It’s a grand environmental issue and should, I would argue, be based in that.

The spot price in Japan, the much-touted, soon-to-become market for all of B.C.’s gas, is $6.13 in 2016, compared to $7.49. Goldman Sachs has projected a $5.19 spot price for landed LNG in Japan in 2017 and — get this — a $4.75 spot price in Japan for 2018.

I’m not eating my words yet. I’m still waiting for the Minister of Natural Gas to show me that…. He says to himself: “You will.” No, I don’t think so — not any time soon. Maybe in the mid-2020s, but by that time, of course, there’ll be nobody accountable left in this government, because there will be a new government at that time.

As I said, I do support the carbon capture legislation that’s being brought here. We do need enabling legislation for carbon capture, just not the carbon capture this government is dreaming about. It’s about the innovation potential that we could have for innovative Canadian technology and building upon that sector.

This bill also contains important legislation changes which will protect employees within the Oil and Gas Commission from potential legal problems, providing, of course, that they make decisions in good faith, as I’m sure we would all expect our governing agencies and bodies to do and have faith and confidence that they will.

The second aspect of this bill is with respect to the rental tenancy act and the Strata Act. Now, as someone who presently lives in a bare land strata and someone who’s had a property in another strata, I recognize the difficulty in getting 100 percent agreement in a strata. Sometimes the owners of the strata don’t even live in the country where the strata is. It’s very, very difficult.

It takes just one person out of 100 to be difficult, and nothing will happen. So I recognize the importance of actually moving to a slightly lower threshold in the wind-up resolution for a strata — you know, 80 percent, 90 percent, 85 percent. I don’t know where the numbers come from. We’ll explore that a bit further in the committee stage. But I do agree and commend the minister for seeing this problem here.

One of the other things that I think needs to be discussed further in committee stage will be a potential effect, an effect that may not have been thought through, on affordability in areas such as Victoria, Vancouver and some parts of the Okanagan as strata owners recognize the value in their property.

Say you have an aging demographic who own an older building and there’s 80 percent of them who see the value in their property and say: “Maybe we should sell this so that a developer can turn this four-storey building into a 20-storey building. Look at the wealth and the prosperity that we will have.” But maybe there are a few other people out there who don’t actually have the ability to find another place. So there is some concern about people being displaced, as there might be an incentive here…. In fact, I would argue this is an incentive for certain strata to think about winding up, tearing down, selling and building anew.

Now, I recognize that that would build new supply, new rentals perhaps, new ownership and supply, and that’s a good thing, but supply does not come on stream overnight. There’s a delay as these are built, so there has to be some careful management of that, I would believe.

It’ll be interesting to see whether or not bare land stratas across the province will start seeing this as an opportunity as well. Many builders are able to build bare land stratas  where the local municipal bylaws don’t actually have to have the same level of rigour in terms of their application — widths of streets, areas for sidewalks, etc. — and there may be some pressure from bare land stratas in the months ahead to actually come off that. I don’t know how that will be handled.

In terms of the rental tenancy, again, I support the additions that have been done. I think it’s critical, in fact, to allow those who are, for example, fleeing a violent relationship and those who become very ill all of a sudden and can no longer be in their residence a means and a way, through consultation and approval by some authority — which we’ll explore further in regulations, I’m sure; we’ll see further what that means in regulations — to break a lease without having to be burdened with subsequent bills from landlords who, in many cases — particularly in Victoria, where we have a 0.6 percent vacancy rate — could, in fact, rent it and, frankly, would rent it to another person.

Finally, on the electronic payments, again, it’s incredibly important to bring this up to the 21st century. A lot of rental transactions are done through electronic payments, both in terms of receiving rent and in terms of removing damage deposits, but there is a slight caution here with the electronic payments, as the member for Delta South pointed out.

If you make an electronic payment, some people will think that they’ve made an electronic payment and it’s done. But until the recipient actually receives it and deposits it into a bank account, there is no receipt or transaction. Now, not everybody in our society has a bank account. If a landlord sends an electronic transaction, the landlord may think that the electronic transaction has been sent within…. I forget the number of days. It may be 28. It may be slightly more or less.

If that transaction is not received and deposited into an account, that transaction is deemed null and void, so there would be questions with respect to whether or not the landlord, in good faith, tried to transfer the deposit or whether they did not. This is particularly problematic with landlords who may not live in the same jurisdiction as the house that is being rented, where electronic transfers are quite common.

With that said, with the caveats aside, I do support this legislation. I look forward to exploring it further in committee stage, and I thank the Speaker and the members for their time.

Video of Second Reading Speech

Today in the legislature I rose to question the Minister of Finance as to what steps, if any, government is taking to ensure that Metro Vancouver’s potential housing bubble doesn’t burst and that housing remains affordable in the region. I further inquired as to what plans the minister has to gather data to ensure that future decisions and policy development are informed. Earlier in the day I introduced a Private Members’ Bill that would provide government with a tool to begin measuring the impact that speculation is having on affordability in Metro Vancouver.

Below are the text and videos of my speech and the Minister’s response.

Question

A. Weaver: Earlier this year we learned that the U.S. short-sellers are betting on a Canadian housing crash, calling it an accident waiting to happen. One article quoted a high-profile U.S. short-seller who described the Vancouver housing market as “a mix of money laundering, low interest rates.” And he went on: “A house is something you live in, but in Vancouver you guys are trading them like penny stocks on Howe Street.”

Government often points to global forces as the main reason we need to be so careful and deliberate with our economic management. I’m left wondering: where is the careful and deliberate action to ensure that Metro Vancouver’s housing market doesn’t become the next housing bubble?

More and more British Columbians are taking on bigger and bigger mortgages as housing becomes less affordable. The economic consequences of a burst housing bubble would be profound.

My question to the Minister of Finance is this. Can he provide this House with an update as to what actions, if any, his government is taking to ensure that Vancouver’s housing bubble doesn’t burst?

Minister’s Response

Hon. M. de Jong: To the member, the first thing I can do, perhaps surprisingly, is validate for him the interest, the curiosity, at times the fascination, that Americans have for the Canadian real estate market, the Canadian housing market, and that includes certainly the Vancouver market. That comes up frequently in the discussions we have from them.

I think it derives in large measure from their own experience and the trauma that they suffered after 2008. I think, further to that, it derives from the belief that if it happened there, it is destined and, therefore, must happen elsewhere.

What I tell them is this. I’ll respond, and I’ll tell the member and the House what I say to them. You do have to understand that there are some fundamental differences. The levels of equity that are involved in home ownership in British Columbia are, on average, very, very different than American markets. The rate of default and arrears thus far is very small, and the general stability of our banking system is different.

Now, I don’t say that at all to diminish or dismiss the concern, but this has been a high-value real estate market for a long, long time. What the government is doing is examining measures that may encourage first-time homebuyers to enter the market. We are, as well, through B.C. Housing, working to gather more information and more data. And I’m alive to the private member’s bill that was tabled today. We are also seeking to work with local governments to address issues around density that are a key part of the puzzle of addressing housing affordability.

Supplementary Question

A. Weaver: Thanks to the minister for his response there.

We’ve also recently heard from the Chinese consul general in Vancouver, Ms. Liu Fei, who suggested that the blame for the situation lies with “officials who monitor buyers, sellers and real estate developers.” She goes on to say: “People are blaming the buyer. It’s the wrong direction. I mean, the regulation here, nobody’s playing the role.”

Her point is that government must ensure that housing remains affordable and the bubble does not burst. Now, the first step towards formulating good housing policy is to ensure that the necessary information is available for analysis. For example….

Madame Speaker: A question.

A. Weaver: A question, I have. It’s a key question. Is the bare trust property transfer tax loophole that I have bought up several times here….is it actually incentivizing the speculative market?

My question then to the minister is: instead of rhetorical speculation contained in the reports that government released earlier this year, will the Finance Minister provide British Columbians with an outline of what data it plans to collect and analyze to determine what action is necessary to ensure that people retain access to affordable housing in Metro Vancouver, what plans does the minister have…?

Madame Speaker: Question.

A. Weaver: What plans does the minister have to gain and gather data to ensure that decision and policy is informed?

Minister’s Response

To the member, I must first of all confess that officials representing the government of the People’s Republic of China may have an affinity for centralized control and management that I do not share. But be that as it may, I think there is value in gathering additional data, which is why I’m pleased the Minister Responsible for Housing, through B.C. Housing, is working with agencies to gather additional data.

I mentioned earlier some of the other steps that the government has taken — I do believe, matters relating to density. I can provide the member with data and statistics about the average price of housing in Vancouver, which is actually lower than many people think. You can still purchase a home in Vancouver for under $400,000. About 30 percent of the homes that are exchanged or sold are sold for less than that.

I think that a big part of this is driven by the general economic circumstances, and if….

Madame Speaker: Thank you, Minister.

Hon. M. de Jong: Madame Speaker, since I don’t expect I’m going to get a question from the official opposition about the state of the economy or the public accounts that were tabled, I will take this opportunity to advise the House what people are saying.

Madame Speaker: Thank you, Minister.

Hon. M. de Jong: The national bank says B.C.’s economy is relatively buoyant, the budget is balanced, and the debt burden is relatively low and falling.

Madame Speaker: Minister.

Hon. M. de Jong: Little wonder B.C. is leading the way in Canada.

Video of Questions and Responses