Photo: The Canadian Press

Jagmeet Singh in a file photo

Jagmeet Singh says he will step down as the leader of the NDP as soon as new interim leader is chosen.

Singh conceded defeat in his British Columbia riding of Burnaby Central and the party is at risk of losing official party status.

"We may lose sometimes and those losses hurt," Singh said, fighting emotion as he stood beside his wife on a stage in Burnaby, B.C.

"We're only defeated when we believe ... those that tell us that we can never dream of a better Canada, a fairer Canada, a more compassionate Canada."