BC Northern Real Estate Board
| Specific Topics of Lobbying Communications | Intended Outcomes | Associated Subject Matters |
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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.
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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
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Industry
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Anti-money laundering / Cullen Commission. Create a sensible, comprehensive anti-money laundering regime.
Demonstrate that the real estate sector takes its 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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Industry
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Balancing private property rights with public policy on the Agricultural Land Reserve
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Introduction, amendment, passage or defeat of any Bill or resolution in or before the Legislative Assembly, 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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Agriculture, Housing
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Develop policies and legislation to improve housing affordability and supply.
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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, Development or enactment of any regulation, including the enactment of a regulation for the purposes of amending or repealing a regulation, Development of any legislative proposal by the government of British Columbia, a Provincial entity or a member of the Legislative Assembly
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Consumer Issues, Housing
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Housing supply and energy efficiency of homes.
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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
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Housing
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Implement policies to ensure that renters, first-time and move-up buyers have appropriate, affordable housing options.
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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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Improve the energy efficiency of existing homes through voluntary measures and incentives for property owners.
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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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Energy, Environment
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More Missing Middle Housing Options for British Columbians
Affordable, appropriate housing is unattainable for too many British Columbians. The average MLS® residential price in March 2023 was over $941,000, and the supply of listings is low by historical standards.
Single-detached homes are generally the most expensive type of housing in any municipality, with the largest carbon footprints, maintenance costs, and property taxes compared to other housing types. While single-detached homes are important for many families, they are also out of reach for many British Columbian families, particularly for first-time homebuyers. Missing Middle Housing, which describes a range of multi-unit or clustered housing types compatible in scale with single-family homes, can help meet the need of our province’s current and future population.
The ability to distribute the high cost of land amongst several housing units improves affordability. Single-detached zoning currently makes up 60-75 per cent of residential zoning designations in BC and assigns the entire cost of one lot to one dwelling unit. Building up to four or six units on a lot will dramatically reduce the land component of each dwelling unit and, therefore, the cost of each unit. Each unit will be significantly smaller, and given the high construction cost in the current market, this will also decrease the cost of each unit.
Missing Middle Housing can be built quickly compared to large apartment buildings. They can also be developed without the costly and time-consuming land assembly process to achieve minimum site sizes. This type of housing can be built by small contractors using less complex construction techniques.
Opening up more housing options will allow young families to move into neighbourhoods experiencing population stagnation, generating more school enrollment, and providing more support for commercial businesses.
Recommendation: Apply zoning legislation across the province
REALTORS® commend large parts of the BC Government’s “Homes for People” action plan, especially the commitment to introduce legislation allowing up to four units on a traditional single-family detached lot with additional density permitted in areas well-served by transit.
“Land lift” is the increase in property value that occurs when a lot is rezoned to accommodate more units. Bidding wars and speculative land lift can happen when an artificial shortage is created by applying this policy to select areas or municipalities. By making the government’s zoning legislation applicable to all single-detached lots within the province, or at least a given region, there will be no shortage of available developable lots, which should prevent bidding wars.
Housing unattainability is a crisis across the province, including northern and rural communities. Policies providing more attainable homes must be considered across the province, not just in the Lower Mainland and the Capital Regional District. While each community has its unique challenges, providing more housing options for more people is necessary across the province.
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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, 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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Consumer Issues, Housing
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Pre-Offer Period
Encourage the Ministry of Finance and the BC Financial Services Authority to replace the Home Buyer Rescission Period with a Pre-Offer Period to provide improved protection for prospective home purchasers.
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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, 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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Consumer Issues, Housing
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Provide feedback on potential policies to strengthen consumer protection and increase transparency in the real estate sector, including mandatory cooling off periods, banning blind bidding, restricting price baiting, mandatory home inspections, mandatory financing subjects, mandatory disclosure statements and other potential policies.
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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, 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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Consumer Issues, Housing
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Provincial Housing Roundtable
Encourage the Ministry of Housing to establish a Permanent Housing Roundtable to help guide the development, implementation, and monitoring of effective housing policy initiatives.
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Development or enactment of any regulation, including the enactment of a regulation for the purposes of amending or repealing a regulation, Development of any legislative proposal by the government of British Columbia, a Provincial entity or a member of the Legislative Assembly, 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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Consumer Issues, Housing
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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, 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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Industry
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Review the Real Estate Services Act, the Real Estate Services Regulation, and BCFSA 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.
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Development or enactment of any regulation, including the enactment of a regulation for the purposes of amending or repealing a regulation, Development of any legislative proposal by the government of British Columbia, a Provincial entity or a member of the Legislative Assembly
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Industry
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Revise the managing broker structure so that it is attractive to managing brokers and provides adequate supervision for representatives.
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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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Industry
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Within the BC Financial Services Authority, give the real estate licensing function the authority to make rules and operational policies.
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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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Industry
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