BCREA prevails in provincial residential tenancy regulation reversal, but faces numerous concerns with legislation.

Government relations present a challenge as it is a long-term endeavor. In British Columbia, the provincial government is facing pressure from the public to address affordability issues promptly.

This has led to numerous housing policy announcements that prioritize political gains over thorough research and collaboration with the sector. Consequently, progress is often hindered by setbacks.

Housing policy often exploited for political purposes, resulting in rushed decisions and lack of collaboration

The BC Real Estate Association (BCREA) and other housing organizations have urged the government to establish a permanent housing roundtable, but the government has been reluctant, possibly due to using housing policy for political reasons.

I believe that addressing a crisis like housing requires expertise, non-partisan collaboration, research, and evidence-based decisions, rather than being used for political gain. Unfortunately, housing policies in BC often lack these essential elements, leading to ineffective outcomes.

Changes in Residential Tenancy Regulation: Progress made with lingering concerns

The government has had to make rapid amendments to policies due to oversights, such as the recent changes to the Residential Tenancy Regulation. While progress has been made in response to feedback, there are still unresolved issues.

Privacy and transaction lead time concerns

Privacy concerns were raised regarding a new requirement for landlords to provide a copy of the Contract of Purchase and Sale (CPS) with the eviction notice. The government has since updated its requirements to address this issue.

There are also concerns about lead times for implementation of changes affecting real estate transactions. It is suggested that exemptions be made for transactions already in progress when changes are announced to avoid complications.

To safeguard buyers’ privacy, it is recommended to eliminate the need for reporting to former tenants for buyers intending to occupy their units. Documentation of the buyer’s intent could be provided through a Statutory Declaration or the Property Transfer Tax return process.