B.C. property act changes allow First Nations to purchase, hold and sell land

New legislation promises to make it easier for First Nations to buy, hold and sell land under their own names as recognized legal entities.

Currently, most First Nations have to either set up corporations or make other arrangements such as using proxies, federal trusts, societies and individual members to purchase, own or transfer land. Such steps would no longer be necessary under new legislation introduced Tuesday by Indigenous Relations and Reconciliation Minister Murray Rankin.

“With these new provisions, First Nations will have the ability to purchase and hold fee simple land directly, just as individuals and corporations have long been able to do,” he said. “We are taking action to remove this long-standing and discriminatory barrier.”“It explicitly restricted First Nations individuals from the ability to acquire land,” he said. “English common law requires a legal entity to have express legislative authority to hold land.

Rankin said this legislation will make what he called “small but important” changes to reflect government’s commitment toward reconciliation and to eliminate discriminatory barriers to land ownership.“Our provincial policies and laws are often based on past colonial ideas and practices, which were inherently racist and harmful,” he said.

Source: Real Estate Daily Report (realestatedailyreport.net)

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