Is it time for a crackdown on B.C.’s real estate industry?

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You have to hand it to Carolyn Rogers.

The head of the Financial Institutions Commission of B.C. clearly has a flair for drama. With just weeks left on the job, Rogers is set to deliver a much-anticipated swan song this week — her report on the state of the province’s most hotly debated industry: real estate.

Rogers is leaving her current position to join the body which oversees the entire Canadian banking sector. You might hope that means she has nothing left to lose in her old job and everything to prove ahead of her next one.

She also serves as B.C.’s superintendent of real estate. But Rogers’ main job these past four months has been chairing the Independent Advisory Group on Real Estate Regulation, a body hastily convened when it emerged that — surprise! — B.C.’s housing market is becoming a home to greed and depravity on an end-of-days scale.

CBC News – June 26, 2016.

Read full article here.

 

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