BC Gov News

Finance Minister Michael de Jong will be hosting a telephone town hall for residents of the Okanagan on Monday, Jan. 16, at 7 p.m. to get their input on the 2017 provincial budget.

The Province is increasing the home owner grant threshold to $1.6 million, helping keep property taxes affordable for families and ensuring most home owners will continue to receive the full grant this year.

British Columbia is on track to remain one of Canada’s strongest economies in 2017 as most private sector economists, banks and economic think-tanks are forecasting the province will continue to record real GDP growth that ranks among the best in Canada.

Finance Minister Michael de Jong is inviting British Columbians to participate in a conversation to share their values and priorities for Balanced Budget 2017.

Stronger than forecast economic growth of 3.3% in 2015 will give unionized employees throughout B.C.’s public sector a modest salary increase from the Economic Stability Dividend.

British Columbia’s Second Quarterly Report continues to forecast increased revenues and reduced debt, demonstrating that government’s ongoing fiscal prudence, economic diversification and debt reduction continue to have a positive impact on the provincial economy.

Foreign purchasers were involved in 3% of Metro Vancouver residential real estate transactions in October, a rate equal to the provincial average for that month, according to the latest real estate transaction data released by the Province.

Finance Minister Michael de Jong issued the following statement in response to the Supreme Court of Canada’s ruling regarding the relationship between the Charter-protected process of collective bargaining and government’s pursuit of public-policy objectives that impact working conditions.

Foreign purchasers were involved in 1.8% of the 5,150 residential property transfers in Metro Vancouver in September, accounting for 1.8% of the total value of properties transferred in that period, according to the latest real estate transaction data released by the Province.