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How 'minimal ownerships' are used to abuse our laws

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brewn...@gmail.com

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Feb 10, 2020, 7:53:14 PM2/10/20
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In this young woman's situation, someone was put on title simply to have the right to evict her.

https://www.thestar.com/news/gta/2020/02/09/this-toronto-renter-fought-eviction-from-a-man-who-bought-just-1-per-cent-of-the-house-after-7-months-shes-giving-up.html?
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In BC (and very likely Ontario) 'minimal ownerships' are used to circumvent citizenship tax laws, foreign ownership laws, and to launder the proceeds of crime:
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‘Non-individuals’ own 10% of B.C. residential property: CMHC

Proportion of residential property owned by corporations, governments and partnerships is much lower in Metro Vancouver and Victoria, much higher for vacant land

https://www.vancourier.com/real-estate/non-individuals-own-10-of-b-c-residential-property-cmhc-1.23631286

BC's New Democrat government is taking action:
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16 September 2019


Beneficial And Indirect Land Owners In British Columbia – A New Public Registry Is Coming Soon


Key aspects the legislation

The law, known as the Land Owner Transparency Act (LOTA), will require disclosure of the ultimate owners of an "interest in land", which includes strata property and long-term leases, as well as freehold residential, commercial, industrial and agricultural properties.
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New personal information disclosure requirement

The following matters must be reported about individual interest holders but will not be publicly accessible:

The individual's last known address;
Whether or not the individual is resident in Canada for income tax purposes;
The date on which the individual became or ceased to be an interest holder; and
A description of how the individual is an interest holder.

https://www.mondaq.com/canada/Real-Estate-and-Construction/836208/Beneficial-And-Indirect-Land-Owners-In-British-Columbia-A-New-Public-Registry-Is-Coming-Soon
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Any chance that a rightwing Doug Ford government would do the same for Ontarians? ◔̯◔
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