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ARTICLE · 11 JULY 2019

The CSAIR: Everything You Need To Know About BC's New Pre-Sale Assignment Registry

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In 2018, the British Columbia provincial government (the "Government") published a white paper describing its proposed Land Ownership Transparency Act

CanadaConsumer Protection

In 2018, the British Columbia provincial government (the “Government”) published a white paper describing its proposed Land Ownership Transparency Act (the “Act”). As discussed in our previous bulletin, the purpose of the Act is to end anonymous land ownership in British Columbia. On February 25, 2019, the Government took steps to achieve this purpose by establishing the Condo and Strata Assignment Integrity Register (the “CSAIR”). The CSAIR is a database for assignments of purchase agreements of all residential condo and strata lots in British Columbia, including both pre-sale lots and completed lots.1

What do you need to report?

The reporting requirements under the CSAIR include the following:

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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