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Do property rights exist in B.C.?

10 14
tuesday

Vaughn Palmer: Not a headline the premier wanted to see as he looks ahead to a year of promoting B.C. as the economic engine of Canada and a great place to invest

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VICTORIA — Premier David Eby cannot have welcomed the latest headline on property rights in B.C., coming as he heads into a year of touting the province as a welcoming place for investors.

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“Do property rights still exist in B.C.?” asked the Wall St. Journal, a newspaper with considerable influence in the investment community.

The article, published online Sunday, detailed the fallout from the August B.C. Supreme Court decision recognizing Aboriginal title for the Cowichan Tribes over private land in Richmond.

The court finding that Aboriginal title is a “senior and prior” right over private fee-simple title has implications that go well beyond Richmond, the Journal noted.

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“The ruling has roiled the wealthy districts of the Greater Vancouver area, one of the most expensive real-estate markets in the world,” wrote the journal’s Vipal........

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