Realtors in BC are being asked to act as police to help prevent money laundering within the real estate industry. The practice of adding responsibilities to small business to do government's job is an old and antiquated concept yet it persists today. So why should the public care?
The single largest surprise was a section stating that home prices in Canada could see reductions by as much as 30% within 12 months, under certain conditions. This means the average price (as of mid 2021) of $713k could fall to as low as $500k.