The Ministry of Finance announced it is releasing regulations to create a Condo and Strata Assignment Integrity Register (CSAIR) that collects comprehensive information on condo and strata assignments. The purpose of this register is to make the real estate market more transparent and fair, as outlined in the Province's 30-Point Housing Plan. Information collected through this register will also inform future housing and tax policy development.

Effective January 1, 2019, property developers must:

  • Include terms and a notice in their contracts to inform buyers of the new collection and reporting requirements; 
  • Collect information, including the terms of the assignment and the name and social insurance number or business information of the parties to the assignment; and
  • Report this information in the online register.

The Land Title and Survey Authority of British Columbia (LTSA) will manage the online register, accessed through a myLTSA Enterprise account. The Office of the Superintendent of Real Estate  will be responsible for enforcing the new information collection and reporting requirements. The first assignment reporting period ends March 31, 2019, with the first report due from Developers by April 30, 2019.

More information is available through the BC government website: