Noseworthy—who has previously worked for Yukon in a similar capacity, bringing along much experience as a lawyer and a regulator—will begin his duties in B.C. on October 19, The Canadian Press
The appointment came in the wake of Premier Christy Clark’s declaration earlier this year that greater government oversight is a must in the current economic environment, as the B.C. Real Estate Council’s regulation of the industry wasn’t proving effective in addressing the root causes of the housing crisis.
Regulatory changes have increased the Council’s accountability to the provincial government. The Council is still expected to take care of the licensing of agents and investigating complaints against them.
Money laundering in real estate needs more federal attention - observer
Calls for federal intervention on housing situation intensify
In its continuing drive to address the needs of home buyers and sellers in the province, the B.C. government has declared Michael Noseworthy as its new superintendent of real estate.