NDP
=
higher taxation on "the rich" say the ones making over $50,000
+
higher spending on "social causes" such as social housing or drug injection sites or hospitals
+
even more rights to unions
+
even higher salaries for teachers and civil servants, regardless of performance
+
more of them for an even more bloated public sector
+
higher deficits
+
vastly decreased private investments
+
higher PST
+
higher land transfer taxes
+
higher taxes on corporations
+
higher unemployment, especially for the young
+
higher ex-migration to job producing regions such as AB, SK
+
lower rent increases
+
more tenant friendly landlord-tenant act
Not all at once .. but gradually over 2-4 years
I canNOT for a moment think how this will benefit real estate prices in BC.
Now having said that there are regions in BC that will grow regardless of what party wins, such as NE BC around Ft. St. John and Dawson Creek, Price Rupert/Kitimat area, and of course, Lower Mainland. As such (Asian) immigration may have far more impact on housing prices in the Lower Mainland than which party gets elected. part of the recent pull back in prices is a far lower demand by Asians, due to lower immigration, receding prices in China, less speculative buying and lower prices elsewhere in the world.
Plus, there is a good chance that no one party gets more than 50% of the seats and that we will have some form of coalition between 2 parties.
Many of the Asian immigrants are more conservative, with far less of a "gimme gimme gimme" NDP-friendly attitude and as such I would not believe all the latest rumours and media reports of an easy NDP win !
However, the voting out of the HST in favour of a job killing and expensive re-introduction of GST + PST gives you some taste of voter sentiment. However, that was a year ago, and Gordon Campbell is gone and the Liberals on the way down, replaced by a resurgent conservative party.We will see some significant vote splitting on the right, and some (albeit less) between Greens and NDP on the left.
Conservatives plus Liberals will easily garner well over 50% of the votes, but not necessarily of the seats.
Likely BC will join Quebec, Ontario and a few other provinces too small to mention in the have-not category if the NDP gets the absolute majority by 2014/2015 .. sucking up federal transfer $s from the few strong regions left to shoulder ever increasing taxes and government largess i.e. $s from the strong resource sector whose expansion and transportation is frequently opposed in BC !
No need to fly to Greece to see high double digit 20%+ youth unemployment, one can stay right here on the Left-Coast !