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The Real Estate Council of B.C. is investigating a marketing video which advertises “future redevelopment opportunities” that aren’t possible under current city zoning and policies.

However, the real estate agents behind the ad maintain they’ve done their due diligence, noting that the concern at City Hall over the video is just a distraction from the issues surrounding the city’s rental stock, in a highly politicized discussion on real estate.

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“We’ve been writing about this issue for the last decade and City Hall does not like us because we’ve basically outed them,” said Mark Goodman of the Goodman Report, a Vancouver-based group specializing in commercial real estate which has been publishing regular reports on the real estate industry since the 1980s.

The news of the investigation came just days after Carolyn Rogers, the superintendent of real estate with the Financial Institutions Commission (FICOM) presented a report on behalf of the Independent Advisory Group on Real Estate Regulation in B.C. (IAG) to Vancouver City Council, where the topic of whose duty it is to regulate aggressive and misleading real estate advertising was discussed during question period. Rogers is the former chair of the IAG.