TOPIC: Introducing the Land Owner Transparency Registry (LOTR)

DESCRIPTION: In its 2018 budget, the Province introduced a 30-point plan to improve housing affordability and transparency in real estate ownership in BC. In its plan, the Province committed to establish a registry that will contain information about beneficial ownership of land in BC. This register will be publicly available and shared with federal and provincial tax and law enforcement authorities. In May 2019, the Land Owner Transparency Act was passed as legislation by the Province. The Land Title and Survey Authority of British Columbia (LTSA) is now responsible to build and operate this new registry, which is expected to be operational in Spring 2020.

SPEAKER: Reuben Danakody recently joined the Land Title and Survey Authority of British Columbia’s (LTSA) Customer Operations team as the Director of Land Owner Transparency Registry Services (LOTR).

Prior to the LTSA, Reuben was with the City of Edmonton’s Assessment and Taxation branch as Director of Integrated Business and Customer Solutions for three years where he was accountable for comprehensive business planning, technology support and service delivery for the assessment of 400,000 properties worth over $175 billion and the collection of over $2.0 billion in taxes. 

Before the City of Edmonton, Reuben worked with BC Assessment for 16 years where he held assessment, leadership and corporate planning roles throughout the province. In his last role at BC Assessment, he was the Regional Assessor of Vancouver Island where he was accountable for the leadership of three field offices, 110 staff and property assessments of 365,000 properties worth over $170 billion.

Reuben’s career also includes seven years of global real estate consulting in Singapore, Malaysia, Indonesia, Uzbekistan and Australia in the areas of asset valuation, investment advisory and development feasibility advisory.