Rules may be coming to strengthen oversight of the real estate industry, but it appears Vancouver’s civic leaders still have a lot of questions.
Carolyn Rogers, who chaired the Independent Advisory Group on Real Estate Regulation, listened to stories from city councillors who say residents feel targeted by high-pressure tactics.
NPA councillor Elizabeth Ball and Vision Vancouver’s Andrea Reimer both recounted stories from residents, seniors in particular, who were worried about being duped.
Rogers says there are already rules to protect home sellers from that sort of thing.
“Unethical behaviour, there are already rules in place that in most cases it can be enforced. If you’re talking about lack of disclosure, if you’re talking about misleading information about zoning, there’s rules in place for that.”
One area not covered by existing rules, though, is advertising Vancouver homes only to buyers overseas.
Rogers says if government wants to address that issue, it would have to change the law.