Quote:
Originally Posted by WarrenC12
Please let me know who is "trashing developers" and where they are making these statements?
The RE Agent industry has shown itself to be in serious need of regulation.
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The RE industry requires an overhaul of its education system. It should be a 3-4 year graduate school program same as medical and law instead of a 2 month one, but its regulation is extremely strict.
The RE industry is one of the most regulated industries in BC considering it only take
two months of an online course to get licensed. There is extremely low amounts of education needed to get your license and when you start working you'll realize your education was extremely lacking. You have no idea what kind of oversight licensees have they are treated as if they are real estate lawyers after 2 months of online school and expected to know everything. Every complaint is taken very seriously and licensees are obligated to act on the orders of their client. There are very few cases of Realtors acting against their clients wishes. Unlike the Law Society which is made up of lawyers, and College of Physicans which is mostly doctors, the Real Estate Council is made up of people outside the industry who are clueless about the realities and is controlled by the BC government.
https://www.recbc.ca/about/council-members.html You try to report a doctor or lawyer and you will fighting an uphill battle against an organization that defends its own. You try to report a real estate licensee? Hes assumed guilty until proven innocent. The Real Estate Council exists to discipline licenses not defend them. Can you imagine how many shady lawyers and doctors there are? People focus on realtors because real estate prices are high and they blame people who work in real estate.
And a reminder that everyone focuses on realtors but licensees make up a bunch of industries including rental managers, commercial managers, residential managers, etc. Of course everyone sees some realtors in luxury cars and tries their best to punish all licenses most of whom get paid crap. Most licensees work weekends and nights for salaries between $15-25 a hour and unlike lawyers or doctors they don't charge by the hour. The regulation, stress, and low wages are so bad that there is a severe shortage of licenses in rental, commercial, and residential management. No one wants to do it
https://www.richmond-news.com/real-e...ing-1.23167187
In regards to how the NDP is being two faced,
Liberal Leader Andrew Wilkonson had this to say:
Quote:
Wilkinson's open letter on housing
To whom it may concern:
Housing is a fundamental need in our society, and we know that currently, housing is unaffordable for many British Columbians. We need clear and easily understood policies at all levels of government that help, not hinder, new housing development for all British Columbians.
The government has made grand promises to build more affordable housing, yet their actions so far will limit new development and drive away investment capital from B.C. Drastically increasing taxes on home sales and new construction will not result in more housing for people who need it right now. The current government thinks they can ignore market trends and solve the housing crisis on their own, without partnerships with builders and investors.
The NDP’s plan is to build 1700 units over the next year. Not only is this more than 80,000 short of their campaign promise, it does not even approach what is necessary to increase availability and reduce prices. When we recognize that B.C.’s population grows by 60,000 people per year, we can see this NDP plan is hopelessly out of touch with reality.
Building more supply is essential to ensure that all British Columbians have access to affordable housing. As noted by industry, the multiple tax measures introduced by this government will increase the costs of building residential homes, and those costs will be passed on to property purchasers and their tenants.
The increased Property Transfer Tax is applied at each point of the development process and will be ultimately paid by home buyers. Similarly, the increased “School” Property Tax as applied annually will add even greater costs to residential housing and negatively impact housing affordability. Finally, the yet-to-be-clarified “Speculation” Tax will not even target speculators. In its current form it will focus on property owners, builders, British Columbian homeowners, out-of-province vacationers, and foreign owners alike. The lack of detail on this tax makes it difficult to determine the full scope of its impact, other than the fact that it will cost everyone more, putting the construction and tourism industries at risk.
It isn’t just affordable housing that is put at risk by the NDP’s reckless new taxes. Over 230,000 families in BC will have a meal on their table tonight thanks to the construction industry. The GDP directly generated by the industry is $23 billion. From this, the province receives $1.2 billion in tax revenues that help pay for new schools and medical care.
Increasing supply is the only way we can make sure everyone is B.C. has a decent place to live. The total of new, unsold, multi-family homes for sale across Metro Vancouver, has fallen 74% from 2013.
The government needs to work with industry to ensure that the number of new homes rises every year. However, the current NDP government seems to be doing what they can to unfairly target builders and drastically shrink housing supply.
There is clearly an affordability issue in British Columbia. We need to work together to fix it. However, workable solutions do not include making our province an unattractive place to invest and build. Ownership does not always mean wealth, and sweeping tax changes targeting people who are perceived as wealthy can have major unintended consequences on investments, on jobs and on everyone’s way of life. This is why the NDP need to completely overhaul their property tax package, and get ready to accommodate 60,000 new British Columbians every year.
Sincerely yours,
Andrew Wilkinson
Leader, BC Liberal Official Opposition
MLA, Vancouver – Quilchena
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Just to add to this cause I know many will dismiss what I say and accuse me of being a Realtor. I'm not a Realtor. If you have any family or friends who are a licensee they will confirm what I have said.
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