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Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016, is a British Columbian law that came into force on August 2, 2016. The law was introduced after calls urging the British Columbia provincial government to intervene in the housing market and curb foreign investment that was seen as a major contributor to the rapid rise in home prices.
Macdonald employs over 1,000 associates and staff members in its 20 offices throughout the province. The company's head office in Vancouver was recently named the top grossing brokerage office in the Vancouver Metropolitan Area by the Real Estate Board of Greater Vancouver and is one of the largest single brokerage offices in British Columbia.
The principal function of Metro Vancouver is to administer resources and services which are common across the metropolitan area. The Metro Vancouver Board has defined its strategic priorities for 2015 through 2018 in its Board Strategic Plan. [30] The organization categorizes its work into action areas [7] as described in the following subsections.
The Cullen Commission estimated that in 2019 alone, $5.3 Billion of illicit funds was laundered through the Vancouver real estate market, which increased housing prices by 5%. [104] "The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos. [105]
Greater Vancouver, also known as Metro Vancouver, is the metropolitan area with its major urban centre being the city of Vancouver, British Columbia, Canada.The term "Greater Vancouver" describes an area that is roughly coterminous with the region governed by the Metro Vancouver Regional District (MVRD), though it predates the 1966 creation of the regional district.
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
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