BC Newsroom - Finance

The Province and the BC Government and Service Employees’ Union (BCGEU) have signed a Memorandum of Agreement (MOA) to make it easier for seasonal firefighters with the BC Wildfire Service to access health and welfare benefits, Premier Christy Clark announced today. 2016-09-28T14:48:00-07:00 2016-09-28T14:48:00-07:00 Province of BC

Foreign investment accounted for nearly 6% of the approximately 48,000 residential real estate transactions in British Columbia between June 10 and Aug. 31, 2016, amounting to about 8.8% of the $31 billion in residential property that changed hands, according to the latest real estate transaction data released by the provincial government. 2016-09-22T09:12:00-07:00 2016-09-22T09:12:00-07:00 Province of BC

The Province of British Columbia has appointed Micheal Noseworthy as the new superintendent of Real Estate. 2016-09-19T11:15:00-07:00 2016-09-19T11:15:00-07:00 Province of BC

Continued economic growth and stronger-than-budgeted revenues are providing government the flexibility to plan new investments in programs that benefit housing affordability and supply, set money aside to reduce provincial debt, and save money for the future through the B.C. Prosperity Fund. 2016-09-15T10:30:00-07:00 2016-09-15T10:30:00-07:00 Province of BC

The B.C. government is cancelling the planned four-per-cent increase to MSP premiums, and those eligible for Regular Premium Assistance will see a four-per-cent reduction of their premium beyond what was announced with Budget 2016. 2016-09-15T10:30:00-07:00 2016-09-15T10:30:00-07:00 Province of BC

Statement from finance minister Michael de Jong: “The changes B.C. made this summer are intended to address a number of the issues raised in today’s story on real estate by the Globe and Mail. 2016-09-10T14:22:00-07:00 2016-09-10T14:22:00-07:00 Province of BC

The Province of British Columbia has successfully issued an Indian Rupee denominated bond on the London Stock Exchange, making it the first-ever foreign government to issue a bond in the Indian offshore market and strengthening increasingly important trade and investment ties with India. 2016-09-01T09:45:00-07:00 2016-09-01T09:45:00-07:00 Province of BC

Updated data on foreign investment show more than $885 million in foreign investment flowed into Metro Vancouver’s residential real estate market in just five weeks, representing 86% of the capital invested in the sector by foreign purchasers throughout the province. 2016-07-26T11:30:00-07:00 2016-07-26T11:30:00-07:00 Province of BC

Legislation introduced creates new measures to help make home ownership more affordable, establishes a fund for market housing and rental initiatives, strengthens consumer protection, and gives the City of Vancouver the tools it requested to increase rental property supply. 2016-07-25T10:20:00-07:00 2016-07-25T10:20:00-07:00 Province of BC

The initial board of directors for the Capital Markets Regulatory Authority has been chosen and new timelines for implementing the authority have been set, announced Finance Minister Michael de Jong on behalf of the Council of Ministers. 2016-07-22T09:00:00-07:00 2016-07-22T09:00:00-07:00 Province of BC

As the province leading Canada in economic growth, British Columbia produced a balanced 2015-16 budget while making record levels of investment in core services like healthcare and education, Finance Minister Michael de Jong announced with the release of the 2015-16 Public Accounts. 2016-07-21T11:00:00-07:00 2016-07-21T11:00:00-07:00 Province of BC

Detailed information on total compensation for senior public sector executives, demonstrates the effectiveness of ongoing measures to increase affordability, transparency and accountability in public sector compensation. 2016-07-21T11:00:00-07:00 2016-07-21T11:00:00-07:00 Province of BC

The Province is engaging the public to help ensure British Columbians understand the impact of the proposed Canada Pension Plan (CPP) enhancement. 2016-07-15T09:05:00-07:00 2016-07-15T09:05:00-07:00 Province of BC

Canadian economist Bev Dahlby has been named as chair of the B.C. Tax Competitiveness Commission. 2016-07-14T13:20:00-07:00 2016-07-14T13:20:00-07:00 Province of BC

The Province released the first set of data resulting from new measures to track the extent of foreign real estate transactions.  2016-07-07T11:05:00-07:00 2016-07-07T11:05:00-07:00 Province of BC

Premier Christy Clark announced that government will end the industry self-regulation in the real estate industry and overhaul governance, oversight, transparency and accountability of the sector. 2016-06-29T13:00:00-07:00 2016-06-29T13:00:00-07:00 Province of BC

Drew McArthur has been appointed British Columbia’s acting information and privacy commissioner. 2016-06-29T15:02:00-07:00 2016-06-29T15:02:00-07:00 Province of BC

Finance Minister Michael de Jong made the following statement in response to the Real Estate Council of B.C. releasing the Independent Advisory Group’s final report on B.C.’s real estate sector. 2016-06-28T14:40:00-07:00 2016-06-28T14:40:00-07:00 Province of BC

Finance ministers reached consensus on an agreement-in-principle to recommend a modest and balanced incremental enhancement to the Canada Pension Plan, starting in 2019 and phased in over seven years until 2025.                          2016-06-20T16:44:00-07:00 2016-06-20T16:44:00-07:00 Province of BC

Michael de Jong, QC, Minister of Finance and minister responsible for the Public Service Agency, has issued the following statement acknowledging Public Service Week: 2016-06-14T09:00:00-07:00 2016-06-14T09:00:00-07:00 Province of BC