Posts by Marc Lee

Marc Lee

About Marc Lee

Marc Lee is a Senior Economist at the CCPA’s BC Office. In addition to tracking federal and provincial budgets and economic trends, Marc has published on a range of topics from poverty and inequality to globalization and international trade to public services and regulation. Marc is Co-Director of the Climate Justice Project, a research partnership with UBC's School of Community and Regional Planning that examines the links between climate change policies and social justice. Follow Marc on Twitter

Swimming against the tide

Dec 7, 2022
The challenge of higher interest rates and high household debt  The run-up of interest rates since March, led by the Bank of Canada in a bid to tame inflation, represents a substantial economic shock, one that is now pushing the country towards a recession. The bank’s overnight, or policy, interest rate is now at 4.25… View Article

Illustration of pump jacks at oil wells.

Anticlimactic and anti-climate: BC’s oil and gas royalty review

Jun 13, 2022
The BC government’s recently completed review of its royalty regime for oil and gas is both anticlimactic and anti-climate. After many months of public engagement—including an independent review, discussion paper, hundreds of public submissions, and a “what we heard” report—the public release is surprisingly brief and the regime remains steadfastly committed to growing oil and… View Article

What happened to the 114,000 new affordable homes promised in BC?

Mar 11, 2022
During the 2017 election campaign as part of its plan to make life more affordable, the BC NDP promised if elected to “build 114,000 affordable rental, non-profit, co-op and owner-purchase housing units through partnerships over ten years. These homes will be a mix of housing for students, singles, seniors and families and will range from… View Article

Upzoning and housing affordability

Mar 3, 2022
With the 2022 municipal elections now in sight—and a housing affordability crisis that’s as bad as ever—the City of Vancouver has embarked on two new directions for more dense housing in its detached-housing neighbourhoods. These moves are modest but point to the type of new housing supply needed region-wide. First, as part of a new… View Article