The B.C. government will be extending the deadline for pre-existing owners to file with the Land Owner Transparency Registry, giving reporting bodies with an interest in land more time to file a transparency report without incurring penalties.

Beginning Aug. 1, 2021, people buying or selling property will benefit from more efficient and co-ordinated regulation as BC Financial Services Authority will become the sole regulator for B.C.’s financial services sector, including real estate.

British Columbians are encouraged to share what is important to people, businesses and communities in B.C.’s Budget 2022, as the province moves further into economic recovery and looks toward a pandemic-free future.

Legislative amendments will make permanent the ability for B.C. corporations to hold virtual meetings.  

The Government of British Columbia is undertaking consultations on possible legislation to address the non-consensual distribution of intimate images, also known as image abuse or “revenge porn”.  

Transparency information on interest holders of B.C. real estate is available for public search in the Land Owner Transparency Registry, giving law enforcement and tax authorities a significant tool to combat money laundering in the real estate market.