British Columbia to end self regulation of real estate industry

Vancouver

CANADA'S province of British Columbia will end self regulation of the real estate industry as government officials move to rein in unethical practices that may be stoking home prices in Vancouver, one of North America's fastest appreciating cities.

"The real estate sector has had 10 years to get it right on self regulation, and they haven't," Premier Christy Clark said at a news conference on Wednesday. "So we are going to end the right to self regulate."