Government announces summer sitting of legislature to introduce measures that enable Vancouver vacant homes tax and support consumer protection by ending self-regulation of the real estate industry.

The Province released the first set of data resulting from new measures to track the extent of foreign real estate transactions. 

Premier Christy Clark announced that government will end the industry self-regulation in the real estate industry and overhaul governance, oversight, transparency and accountability of the sector.

Finance Minister Michael de Jong made the following statement in response to the Real Estate Council of B.C. releasing the Independent Advisory Group’s final report on B.C.’s real estate sector.

Bargaining under the 2014 Economic Stability Mandate is now substantially complete, with 99% of the British Columbia public sector covered by tentative and ratified agreements negotiated under the mandate.

Consultations with the B.C. film and television industry have led to proposed adjustments to the province’s film tax credit rates that provide certainty to the film industry while keeping the subsidy affordable for taxpayers.

Dominion Bond Rating Service (DBRS) has confirmed British Columbia’s AA (high) credit rating, thanks to the Province’s strong fiscal discipline and declining debt burden.

Standard and Poor’s has affirmed British Columbia’s AAA credit rating and stable outlook, praising the Province’s strong economy, budgetary and fiscal performance.

Heli-One of Delta will refurbish two helicopters for the Sultan of Johor, Malaysia, under a new $8-million (US) contract, concluded during the recent three-day visit of His Majesty, Sultan Ibrahim Ibni Almarhum Sultan Iskandar.