Chamber advocacy efforts underway with feds
Tuesday’s historic Speech from the Throne read by King Charles III included some promising policy shifts to address Canada’s housing supply.
Acting as the current embodiment of Canada’s sovereignty, the King read a script prepared by the governing Liberal Party. The ritual was a not too subtle reminder to the US administration that Canadians are fed up with annexation rhetoric.
For business, the start of a new government session is a chance to see how campaign promises will be delivered. Housing is a major concern in Greater Victoria, and the Speech from the Throne included a promise to cut the GST for home valued at $1 million or less, saving buyers up to $50,000. The speech also promised to lower the GST on homes between $1 million and $1.5 million — a sweet spot for single family homes in the region.
“As a Chamber, we advocate for housing solutions to address fundamental challenges in Greater Victoria,” Chamber CEO Bruce Williams said. “We need housing supply to help attract people who contribute in all sectors of the economy, but specifically for folks who are required to staff our hospitality and retail industries. And we need homes for people struggling to stay housed. Simply put, housing is at the core of allowing employers to operate at their full potential and helping keep our communities safe for everyone.”
To encourage the new government to stay focused on business needs, the Canadian Chamber has sent the new cabinet “Mandate Letters.” Getting these to new ministers early in their terms is part of the strategic advocacy done to build good relationships that allow the business community to have its voice heard by government.
