Policy watchers are split on the value of British Columbia's upcoming provincial flipping tax targeting those looking to make a quick buck in the real estate market.
Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage while the job market proved to be stronger than expected.
The Property Law Amendment Act introduced Monday will help build the framework for a protection period for homebuyers to properly assess, finance and inspect the home they want to buy, Finance Minister Selina Robinson said.
The federal anti-money laundering centre is exploring artificial intelligence and machine learning to help sort through a deluge of data in the hunt for hidden dirty cash.
Money laundering has distorted British Columbia's economy, fuelled the opioid crisis and overheated the real estate market, the province argued at the start of an inquiry into the criminal activity on Monday, February 24, 2020.
As Toronto and Vancouver struggle to keep housing affordable for anyone but the wealthy, Montreal says its new, first-on-the-continent development model will help it succeed where other big cities have failed.
A report that estimates $5 billion was laundered through British Columbia's real estate market last year also lifts the lid on the extent of illegal cash moving across Canada.
British Columbia's New Democrats are promising initiatives in Tuesday's budget to increase the supply of affordable homes for families, students and seniors, while also bringing in measures to dampen speculation in the real estate market.
Premier John Horgan says addressing British Columbia's housing crisis is his government's top priority in 2018, but it's not the only pressing concern on his minority New Democrat government's to-do list.