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REIBC has received a copy of the Ministry of Finance’s public consultation paper for the draft Land Owner Transparency Act White Paper and are forwarding to you.  The information below was received from the Deputy Minister of Finance, Lori Wanamaker.  

The B.C. government has committed to establishing a registry of beneficial ownership in real estate, as part of its 30-Point Plan for Housing Affordability. The government is taking action to address tax evasion and identify tax fraud and money laundering in order to return fairness and transparency to the real estate market in British Columbia.
This white paper sets out the draft framework for the Land Owner Transparency Act for discussion.
The draft legislation proposes to collect information on beneficial ownership in a public registry administered by the Land Title and Survey Authority of British Columbia. Under the Act, corporations, trustees and partners (reporting bodies) that hold a registered interest in land will be required to report on beneficial ownership through disclosure reports.
The deadline for feedback is August 19, 2018. Please direct any comments as indicated in the white paper.

Information can be found at http://www.fin.gov.bc.ca/pld/fcsp/consultLOTA.htm and https://news.gov.bc.ca/ministries/finance.

  

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REIBC Events

Mark your calendar!

REIBC Boat Cruise
August 29, 2018
More information to follow

Industry Events and Other

BC Housing
Seminar or Webinar : Building Smart with Air Tightness Testing: Part One - The Essentials
June 26, 2018 9:00am - 12:00pm 
SFU Harbour Centre
Room 1900, 515 West Hastings Street, Vancouver
More info

BCSCA (BC Shopping Centre Association)
Summer Mingler - 2018
June 28, 2018 11:30am-2:30pm
The Roof at Black & Blue 
3rd Floor- 1032 Alberni Street, Vancouver
More info

GVHBA (Greater Vancouver Home Builders Association)
Art of Leadership Conference: A Day of Inspiration with the Women's Council
June 25, 2018 8:00am -5:00 pm
Vancouver Convention Centre East
999 Canada Place, Vancouver
More info

NAIOP (Commercial Real Estate Development Association)
Developing Leaders Lawn Bowling
July 6, 2018 4:30 pm - 8:00pm
Granville Park Lawn Bowling Club
3025 Fir Street, Vancouver
More info

PAMA (Professional Association of Managing Agents)
Real Estate E&O Legal Update for Rental Managers
July 11, 2018
Vancouver
More Info

UDI (Urban Development Institute)
UDI Vancouver Summer Social 2018
Tuesday, July 10, 2018 5:30 - 8:30 
False Creek Yacht Club
More Info

ULI (Urban Land Institute)
Learning from Leaders, with Linda Buchanan: Trail blazing Councillor and Mayoral Candidate
June 25, 2018 12:00 pm - 1:30 pm
BDO
600 Cathedral Place
925 West Georgia Street, Vancouver
More info

Conferences of Interest 

CREW (Commercial Real Estate Women)
Annual Golf Tournament
July 12, 2018 11:00 am - 9:00 pm
University Golf Club (UBC)
5185 University Blvd, Vancouver
More info

EGBC (Engineers & Geo0scientists of BC)
2018 Annual Conference and AGM
October 18-20, 2018 
Vancouver Convention Centre East
1055 Canada Place, Vancouver
More info

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