B.C. to introduce new real estate rules in 2018

The B.C. government has announced new rules it says will cut down on shady real estate deals in the province.

Superintendent of Real Estate Michael Noseworthy says the changes are set to take effect March 15.


They include better informing buyers about how much compensation realtors are entitled to, as well as restricting "dual agency," where when one agent acts on behalf of both buyer and seller on the same deal.


The changes stem from recommendations made last year by an independent advisory panel created by the former B.C. Liberal government.


The changes are the result of effort to curb practices like "shadow flipping," which first came to light in 2016.

Shadow flipping is the practice of selling a property several times by reassigning the sales contracts before their closing date. The price of the home goes up each time. 


Changes limited in scope, agent says


Keith Roy, a real estate agent with REMAX Select, says the rules will likely increase consumer protection by raising awareness of the issues, but questioned whether they will actually be better protected from a legal standpoint.


"All we're doing in this case is limiting consumer choice of which professional they hire," Roy said.


"It's important because it's highlighting the issue, but it's not solving the problem that the government's saying it is."

Roy also said the new rules won't affect anyone's ability to flip houses on a speculative basis.


"These rules do nothing to change the impact of international money in the market [and they do] nothing to change the impact of people flipping houses [or] consumer protections around pricing," he said.


"All this does is limit the ability of a realtor to represent two people inside of the same transaction."


Full Story >


*indicates required fields.

Meet the team

  • Will Pratt
  • Justin Sabbagh
  • Mike Wilcox

Mortgage Calculator

Purchase Amount:
Down Payment:
Interest Rate:
Payment Interval:
Mortgage Term (Years)
Total Payments:
Total Amount Paid:
Total Interest Paid:


The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.