August 2012
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Connections (August 2012)
Connections: Advocacy News from the British Columbia Real Estate Association – August 2012 
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  2012 Land Awards: October 26

The Land Awards recognize initiatives that demonstrate leadership, innovation and collaboration in sustainable land use in BC. The awards, conceived by the Real Estate Foundation of BC, celebrate and honour the non-profit organizations, private companies and government bodies behind the initiatives, and the people who make it all happen.

Eligible nominees are BC-based organizations—both for-profit and non-profit—that have undertaken current programs or recently-completed projects, primarily within BC. Nominees must be working with or have worked with others—non-profits, government agencies, educational institutions, businesses, and/or individuals—in a collaborative way to plan and carry out the project or program for which they are nominated.

As long as they meet the time requirements, previously nominated projects that have not received an award may be nominated again. Nominations are open until September 7, 2012.

This year’s awards take place on Friday, October 26 at the Four Seasons Hotel in Vancouver, with Ed Begley, Jr. as the keynote speaker.

For more information about nominations, sponsorship and tickets, visit http://www.refbc.com/land-awards.
 Working to Improve Housing Affordability in BC

Because housing affordability directly impacts the quality of life of British Columbians, BCREA consistently and regularly recommends that the provincial government minimize the negative impact of the Property Transfer Tax (PTT).

In a recent submission to the provincial government's Expert Panel on Tax, BCREA explained that, since 2001, BC's Liberal government has made tax competitiveness a cornerstone of its fiscal policy. The one outstanding exception is the PTT, which is by far the highest provincial property transfer tax in the country. In an environment of increasing labour scarcity, this negative exception to BC's competitiveness rule puts the province at a disadvantage.

BCREA recommends the provincial government:

  • increase the 1% PTT threshold from $200,000 to $525,000, with 2% applying to the remainder of the fair market value; and
  • index the 1% PTT threshold of $525,000 using Statistics Canada's New Housing Price Index, and make adjustments annually.

The BC Chamber of Commerce makes the same recommendations in its 2012-2013 Policy and Positions Manual, available at www.bcchamber.org.

For more information about BCREA's government relations role and other public policy positions, visit www.bcrea.bc.ca/government-relations.

 Shadow Cabinet Shuffle

Several BC NDP MLAs received new critic portfolios in July. Of particular note to the housing sector is that long-term housing critic Shane Simpson is now the critic for labour. BCREA thanks Mr. Simpson for his insights over the years, and welcomes new housing critic Joe Trasolini to the role.

BCREA takes a non-partisan approach to government relations, meeting with both government and opposition MLAs to advance its public policy positions.

 Contact Us

Where do you stand on the public policy issues addressed in this issue of Connections? Contact BCREA at [email protected] with your comments about these issues, or to update us on your organization’s successes. For more information about BCREA’s public policy positions, visit www.bcrea.bc.ca.

To change your email address or subscribe to more BCREA publications, click here.

British Columbia Real Estate Association
1420 – 701 Georgia Street West
PO Box 10123, Pacific Centre
Vancouver, BC V7Y 1C6
Phone: 604.683.7702
Fax: 604.683.8601
[email protected]
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