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The Government of British Columbia has committed to a 30-Point Plan for Housing Affordability. A part of the recently announced plan, involves the ending the “hidden ownership” of real estate to make sure people are paying their fair…
The British Columbia NDP government intends to introduce legislation mandating Canada’s first public registry of property beneficial ownership, to deter investors from buying housing through nominee companies and trusts. The move to crack down on real estate “hidden…
Beneficial Property Ownership Reporting Threshold Lowered in British Columbia
British Columbia has lowered the threshold at which shareholders of a property-owning corporation must be disclosed to its public registry of beneficial and indirect land owners to 10 per cent.