The British Columbia government says it has launched Canada's first registry aimed at cracking down on pre-sale property flipping and tax evasion in B.C. 's real estate market. The Ministry of Finance says the Condo and Strata Assignment Integrity Register will improve fairness and transparency in property transactions. Condo developers will be required to securely gather and report the identity and citizenship of anyone completing a contract assignment in a project. The filing fee per assignment is $195, which the government says is a small fraction of the cost of flipping a condo unit.

Source: CBC News February 25, 2019 18:22 UTC