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Weaver welcomes Perrin report recommendations and reviews into money laundering and real estate

September 27, 2018

VICTORIA, B.C. – Andrew Weaver, leader of the B.C. Green Party, urged government to implement the recommendations of Dan Perrin’s real estate regulatory structure review.

“I urge government to implement the recommendations of the Perrin report,” said Weaver. “The current regulatory structure has created dysfunction that is confusing for industry and falls short in consumer protection.”

Weaver also welcomed the government’s announcement of two reviews into the role of money laundering in the real estate sector. Both the Perrin report and Peter German’s report Dirty Money recommend further investigation into the connection between money laundering and real estate.

“Along with undertaking these reviews, we must act swiftly to root out any criminal activities in our real estate market. When it comes to something as vital as British Columbians homes, ensuring that the market is not susceptible to distortion by fraud and money laundering is absolutely critical.

“Our Caucus is committed to supporting policy changes that will remedy any gaps, loopholes or inadequacies that are allowing our real estate market to be distorted through speculation and illegal activity.”

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