Amendments to the Strata Property Act are made thoughtfully and with the long term in mind. Amend the Form B Information Certificate to require proof of insurance, including premiums, deductibles, coverage and expiry date.
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- Development of any legislative proposal by the government of British Columbia, a Provincial entity or a member of the Legislative Assembly
- Development or enactment of any regulation, including the enactment of a regulation for the purposes of amending or repealing a regulation
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Housing, Insurance
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Amend the Real Estate Services Act to create a Professional Standing Committee to establish licensing qualifications - including professional competence and conduct - and to provide practical insights into all proposed changes to real estate practice. Review the Real Estate Services Act, the Real Estate Services Regulation, and RECBC Bylaws and Rules to separate public policy from operational policy, with input from licensees.Within the BC Financial Services Authority, give the real estate licensing function the authority to make rules and operational policies.
Revise the managing broker structure so that it is attractive to managing brokers and provides adequate supervision for representatives.
Reduce the harms caused by the ban on limited dual agency.
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- Development, establishment, amendment or termination of any program, policy, directive or guideline of the government of British Columbia or a Provincial entity
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Industry
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Create a sensible, comprehensive anti-money laundering regime.
Demonstrate that the real estate sector takes their concern around money laundering seriously.
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- Development, establishment, amendment or termination of any program, policy, directive or guideline of the government of British Columbia or a Provincial entity
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Justice and Law Enforcement
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• Ensure fairness for the Speculation and Vacancy Tax.
• Increase the First-Time Home Buyers’ Program Property Transfer Tax exemption threshold
• Expand the foreign buyers’ Property Transfer Tax exemption to all foreign residents with work permits.
• Index the Property Transfer Tax thresholds
• Ensure the Property Transfer Tax accurately reflects the dynamic nature of the real estate market.
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- Development, establishment, amendment or termination of any program, policy, directive or guideline of the government of British Columbia or a Provincial entity
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Economic Development and Trade, Housing
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