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Concerns raised about proposed B.C. legislation on real estate transparency

Friday, September 14, 2018 @ 8:48 AM | By Ian Burns

The B.C. government has introduced a bill aimed at ending hidden ownership of real estate and ensuring taxes are being paid on their properties, but community groups and legal experts are raising concerns about its privacy implications and reporting requirements.

In June, Finance Minister Carole James introduced the Land Owner Transparency Act as part of B.C.’s plan for housing affordability. The bill would create a new, publicly accessible registry of who owns real estate in British Columbia and authorize the collection of information on beneficial ownership, where...