Premiere Christie Clark speaks to reporters regarding the HST transition BC Liberals are offering no relief to the residential construction industry while many home purchasers delay decisions pending the removal of the HST.

This week, Finance Minister Kevin Falcon revealed that BC's deficit will hit $3 billion this year. So it's no wonder that the premier is trying to  convince the feds to let the  province keep a part of the  $1.6 billion while granting an extension on giving back the rest.

Chris interviewed on CHEK News November 28, 2011- Watch Video

Note: Project has since resumed!

The B.C. government's planned 18-month transition process to replace the harmonized sales tax threatens the potential creation of 8,000 construction jobs and more than 2,000 residential housing units, says the Urban Development Institute.

UDI president Don Forsgren said thousands of residential building units are already on hold, with more expected, prompting the industry to lobby the Liberal government to implement a transition strategy to minimize the HST's impact on new home purchases.