Globe and Mail: B.C. to unveil new measures to improve collection of real estate data

Posted in: , ,

Feb 15, 2016 | Globe and Mail | Justine Hunter and Sunny Dhillon

Quoted from the article:

David Eby, an opposition NDP MLA and the province’s housing spokesperson, said “it’s not a surprise to me that taxes aren’t being paid following The Globe’s earlier work on this.”

“This whole market appears to be an entirely unregulated grey market without any apparent connection to the realities of tax obligations, of professional conduct, of duty to clients,” he said.

Mr. Eby said the “obvious solution” is to start enforcing rules that are already in place.

“We have a property transfer tax, that should be enforced. We have rules around GST on new homes, those should be enforced. We have rules around professional conduct for Realtors, those need to be enforced,” he said.

Read the full article: