SURREY, B.C. — A Conservative Party of BC government will reverse the NDP’s changes to the Property Tax Deferment Program, so seniors are not taxed out of their homes and can remain in the communities they helped build.

After nine years of the NDP, seniors are paying more in taxes than ever. The NDP changed the Property Tax Deferment Program so taxes deferred from 2026 onward accrue compound interest at prime plus 2 percent. Under the previous rules, seniors paid simple interest at prime minus 2 percent.

According to the BC Seniors Advocate, the NDP’s changes will cost seniors who defer their property taxes about $1,200 more per year on average. For many, the program is what allows them to stay in the homes they own.

“Seniors in Surrey and White Rock spent decades paying off their homes, and now David Eby is charging them more just to stay in them,” said Trevor Halford, candidate for Surrey-White Rock. “Hiking the interest on seniors living on fixed incomes is cruel, and it shows how out of touch this NDP government has become.”

A Conservative government led by Lorne Doerkson will restore the previous terms of the program, as part of a broader plan to fix seniors’ care across British Columbia.

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Media Contact:
Alex Shiff, Director of Media Relations
media@conservativebc.ca