Kevin Falcon

Clark ministry The new premier, Christy Clark, included Falcon in her cabinet, appointing him Minister of Finance and Deputy Premier.

In August 2012, expecting the birth of his second daughter Rose, Falcon indicated he would not run in the 2013 election.

Break from political office (2013–2021) After leaving the legislature, Falcon moved to North Vancouver and joined Vancouver-based Anthem Capital as their Executive Vice President. He also took on volunteer roles with non-profit organizations including the Canuck Place Foundation, Lions Gate Hospital Foundation and the Streetohome Foundation.

He endorsed Maxime Bernier in the 2017 Conservative Leadership Race. Falcon worked with a real estate developer friend to raise $130,000 for Bernier in a single night - a record for the campaign at the time.

Return to political office (2021–2025) BC Liberal Leader Andrew Wilkinson announced his resignation on 26 October 2020, and officially resigned on 17 February 2021, triggering a year-long BC Liberal leadership race. Falcon officially joined the race a month later. In his launch speech, Falcon committed to renaming the BC Liberal Party in consultation with members to better reflect the party's values.

On October 31, 2021, Diamond Isinger, campaign manager for fellow leadership candidate Michael Lee, shared a statement about an "incident of sexual & personal harassment" with a Falcon campaign staffer. Isinger said she went public with her allegations "due to the lack of action taken" after addressing her concerns privately with the Falcon campaign. Falcon fired the staffer the day after Isinger's statement.

Falcon won the leadership on February 5, 2022, crossing the 50% threshold required to win on the fifth ballot. Following Falcon's win, Andrew Wilkinson formally resigned as an MLA to free up his seat in Vancouver-Quilchena for Falcon to run. A by-election for the riding was called on April 2, 2022. Falcon won the by-election, being elected MLA for the riding.

In August 2022, Liberal MLA John Rustad drew criticism for suggesting that CO2 emissions were not contributing to climate change. Falcon fired Rustad from the BC Liberal Caucus, adding: “John Rustad does not speak on behalf of caucus on this issue.” Rustad later joined the BC Conservatives and was acclaimed as their new leader in March 2023.

Falcon unveiled the new BC United name and branding on April 12, 2023.

The renamed party was unable to prevent a surge in support for the BC Conservative Party and fell to a distant third place in public opinion polls. Four BC United MLAs crossed the floor to join the Conservatives from September 2023 to July 2024. On August 28, 2024, Falcon announced that BC United was suspending its campaign and withdrawing its candidates from the 2024 British Columbia general election in order to endorse the Conservatives. Falcon also announced he would not be running in the election. Falcon remained party leader following the election. In February 2025, former BC United MLA Karin Kirkpatrick called for him to resign saying that his continued presence was preventing the party from rebuilding and raising funds to pay its debts.

Personal life Falcon lives in North Vancouver with his wife Jessica and daughters Josephine and Rose. His sister-in-law is Caroline Elliott, a political commentator.