New Corrective Filing Requirements for Real Estate Developers: BC Condo and Strata Assignment Integrity Register
Effective September 30, 2025, the Real Estate Development Marketing Act (“REDMA”) Real Estate Development Marketing Regulation (the “Regulation”) is being amended to clarify reporting requirements and filing deadlines for the Condo and Strata Assignment Integrity Register ("CSAIR"). These amendments provide guidance and deadlines for both the filing of omitted assignment information and the correction of previously filed assignment information.
Since January 1, 2019, developers have been required to collect and report assignment activity and certain personal information of the assignors and assignees of residential condo and strata properties in CSAIR. This information is used by the British Columbia Ministry of Finance to inform housing policy and ensure appropriate taxes are assessed in respect of purchase and assignment transactions. For further information on CSAIR, please see this insight by our colleague Chad Travis.
The amendments to the REDMA Real Estate Development Marketing Regulation are set out in Order in Council 162/2025 and summarized as follows:
Corrective Filing Deadlines
- If a developer becomes aware that the required assignment information was not filed in accordance with the Regulation, a filing must be made within 15 days from the date the developer becomes aware that such assignment information was not filed.
- If a developer becomes aware that there is an error or omission in information or a report that was previously filed under the Regulation, a corrective filing must be made within 30 days after the developer becomes aware of such error or omission.
Expanded Certification Requirements
- The addition of an enhanced obligation for a developer to “make reasonable inquiry” prior to certifying that assignment information is “accurate and complete.”
Do not hesitate to reach out to any members of the Real Estate Group at Lawson Lundell LLP if you have further questions about any CSAIR or REDMA reporting requirements.