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B.C. real estate agent fined $200K, suspended after buying and renting out affordable housing unit

Reported byCBC Canada ↗·Sourced by Goodlede

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A Victoria real estate agent has been fined $200,000 and suspended for six months by the B.C. Financial Services Authority after he illegally bought an affordable housing unit at the Vivid development in 2021 and rented it out, violating the below-market affordability covenant meant to serve middle-income buyers.

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