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
“Do property rights still exist in B.C.?” asked the Wall St. Journal, a newspaper with considerable influence in the investment community.
“Its scope has shocked businesses, homeowners and community leaders, who fear that it nullifies the principle of “indefeasible title,” the legal term for absolute certainty of land ownership, setting a precedent that threatens billions in real-estate investment.
The story quoted lawyers Thomas Isaacs and Robin Junger and tax services realtor Paul Sullivan, on the negative implications of the decision for private property, the economy and investment.
More to the point were recent quotes from Eby himself. He blasted the court decision as “overreaching” and “unhelpful,” and acknowledged that his government will have to “go to the wall” to defend private property rights.
