Market Analysis

Salt Spring Island real estate in depth monthly analysis by Sea to Sky Properties’ broker, Li Read

Les Leyne: First Nations issues have B.C. Premier David Eby cornered

Les Leyne: First Nations issues have B.C. Premier David Eby cornered

Les Leyne, Times Colonist — April 2026

Indigenous reconciliation was considered Job One when the NDP unseated the B.C. Liberal government in 2017. They felt they were on the side of the angels then, convinced their cause of bringing First Nations fully into 21st century public decision-making was just.

Eight years in, it’s gone sideways well beyond the initial warnings that it would be intensely challenging and take years.

It’s been a series of arcane and complicated developments that played out in courtrooms and in private negotiations.

They are grinding away at the NDP government like a glacier.

The Current Crisis

This week, Eby said his stance on the latest crisis to arise — which is already intensely unpopular with First Nations leaders — was “non-negotiable.”

He wanted to rewrite parts of the law driving reconciliation (Declaration on the Rights of Indigenous Peoples Act) to weaken it.

Then, after a conference call with the ranking Indigenous leadership on Thursday, he pitched the idea of suspending portions for three years.

The Court Rulings

It’s to buy time for his government to try to win a crucial court appeal that could take years.

That stems from a Court of Appeal decision on a case from two First Nations that found B.C.’s mineral claims regime violates DRIPA. It said the stringent requirements for consultation apply even to staking claims, that routine first step in the mining industry. Needing permission to stake claims (thousands are filed each year) is unworkable and creates huge uncertainty, the industry says, at a time when the government is hoping for major new developments.

Running alongside that argument is the fallout from the Cowichan decision, where Aboriginal title in a Richmond area was found to supersede private titles in the hands of public bodies.

Thursday’s Showdown

Thursday’s showdown came as polls suggest people think the NDP is preoccupied with reconciliation, and support is waning. Eby told the media after the conference call that the need to pause was very unfortunate, but “we have to do something.” A pause is the “least invasive way we could think of doing it.”

He acknowledged the idea of rewriting DRIPA was totally unacceptable and “profoundly offensive” to the chiefs.

“Nobody is excited about this process, certainly I’m not, and First Nations leadership are not.”
— Premier David Eby

Legal and Political Tangle

The immediate concerns are the two separate decisions in the B.C. Supreme Court and the B.C. Court of Appeal that created all the anxiety. He railed against them earlier, to the point where legal bodies warned him to tone it down. His government is negotiating with the Cowichan, as ordered by the judge after she made the title ruling. But there are multiple appeals, and it could take years to reach a conclusion.

Eby has issued numerous reassurances and even put up $150 million in loan guarantees to calm real estate fears. But that didn’t stop Richmond Mayor Malcolm Brodie from asking the Cowichan Nation this week to “renounce” any claims on private land and do so in a legally binding way.

Background Controversies

Running in the background to the current reconciliation dilemmas are earlier controversies. There was the skimpy, low-profile consultation on the idea of co-management of public lands with First Nations that eventually collapsed.

There was a major title and land management agreement with the shíshálh Nation on the Sunshine Coast that was withheld until the 2024 election concluded.

And there was a court declaration cementing the Haida Nation’s title over Haida Gwaii. The earlier work was done in the open, but the application for a formal irrevocable declaration, which was considered historic, was supported by the government with no public notice or explanation.

When the Indigenous rights recognition bill was introduced in 2019, the stress was on delivering “economic and legal certainty and predictability. … A path forward, creating clarity and predictability.”

No one is using those descriptions today, and it’s not clear if anyone has ideas on how to get back on that path.

Source: Times Colonist

Column by Les Leyne — April 2026

‘Absolute betrayal’: First Nations blast Eby in leaked transcript of DRIPA meeting

‘Absolute betrayal’: First Nations blast Eby in leaked transcript of DRIPA meeting

Alessia Passafiume, The Canadian Press — April 3, 2026

A leaked transcript of a meeting between Indigenous leaders and British Columbia Premier David Eby, about his plan to suspend the province’s Declaration on the Rights of Indigenous Peoples Act, or DRIPA, shows them accusing him of “absolute betrayal” and colonialism.

Speaker after speaker in the 17,000-word transcript of Thursday’s meeting, obtained by The Canadian Press, criticize Eby’s handling of DRIPA, which he says needs to be suspended for up to three years.

DRIPA is at the centre of a legal and political storm after being cited by First Nations in two landmark court cases last year, including an appeal ruling that says the act should be “properly interpreted” to incorporate the UN Declaration on the Rights of Indigenous Peoples into B.C. laws “with immediate legal effect.”

The transcript provided by a person in attendance, on the condition that no First Nations leaders are identified, shows one speaker telling Eby he has insisted on “fracturing the relationship between First Nations and B.C.” by saying this week that changing DRIPA was “non-negotiable.”

Another tells Eby the premise of the meeting is “disingenuous.”

Eby’s Position

The transcript shows Eby starting the meeting by telling attendees the so-called Gitxaala ruling by the B.C. Court of Appeal in December found the UN declaration had been implemented by the province “as a whole.”

He says the ruling, which had created “huge legal uncertainty,” effectively meant the province would “need to eat the whole elephant” of UNDRIP all at once and across all its laws, which the government lacked the staff and political capital to do.

Eby says the government proposed to introduce legislation to implement the suspension “the week after next,” and that the pause of up to three years is to give time for the Supreme Court of Canada to rule on the government’s appeal in the Gitxaala case, which centred on mining rules.

The transcript shows the meeting lasted almost two hours, until about noon Thursday. Ninety minutes later, Eby held a news conference to announce the suspension proposal.

Sections Facing Suspension

At the conference, Eby declined to specify which sections of legislation would be suspended.

But the transcript and a document provided by The Canadian Press’ source in the meeting suggest they consist of four sections of DRIPA, plus a section of the Interpretation Act, which describes how B.C.’s laws must be interpreted.

The Interpretation Act section facing suspension says “every act and regulation must be construed as being consistent with” DRIPA, while a section of DRIPA to be paused says nothing should be construed as delaying its application to B.C.’s laws.

The section saying the act’s purpose is to “affirm the application” of DRIPA to B.C.’s laws is also to be paused, as is a section saying the government must take all measures necessary to ensure laws are consistent with it.

The final section of DRIPA to be suspended relates to how progress on its goals is reported.

The Proposal

In the transcript, Eby acknowledges the government’s previous plan to amend DRIPA has been “completely opposed” by the First Nations.

He says the alternative proposal of a pause is to find another solution, which he says “is really, bluntly, unavoidable.”

“Now, it’s my hope, it’s cabinet’s hope, it’s the government’s hope, that this is a better solution to address the legal risk we’re facing, as well as the concerns that you’ve raised with us.”
— Premier David Eby

First Nations Response

The response in the transcript is far from enthusiastic.

“I don’t understand why you insist on fracturing the relationship between First Nations and B.C. by saying these things publicly?” one respondent says, referring to Eby’s remarks on changes to DRIPA being non-negotiable.

“It really shook my confidence in you as the premier and your ability to work with us on something so important as DRIPA,” they say, adding that Eby is “not there anymore” as a partner.

One leader tells Eby he is making “rash” decisions, another tells of their “extreme feeling of disappointment in the steps taken,” and another tells the premier his government’s behaviour “smacks of colonialism.”

One attendee accuses Eby of “Indian giving,” and says that after finally seeing “some light” in the way First Nations are treated by government, Eby’s moves “close the door.”

Another attendee tells of “an extreme feeling of disappointment in the steps taken.”

“And this act that you’re doing now … these feelings and this sentiment that you’re putting forward is the same sentiment of colonization, of piece by piece taking our rights, our purpose, away from us,” they say.

At least one leader expresses doubt about the wisdom of opposing the government, considering the Opposition B.C. Conservatives are “running on repealing DRIPA.”

They tell other leaders that they “cannot afford to not give a damn about” who is premier, and suggest that fellow chiefs are “overestimating” their power.

Late in the meeting, one leader tries to inject a light moment, referring back to Eby’s elephant analogy.

“Eating an elephant, it can be done with help,” they say. “We could fry it, we could boil it … We could barbecue it. That lasagna I ate yesterday said I’m a family of four.”

Eby told the subsequent news conference that enacting the suspension would represent a confidence vote for his government.
— Premier David Eby

He said the suspension was “least invasive way that we could think of” to mitigate DRIPA’s possible unintended impacts across the province’s legal system.

Source: The Canadian Press

Reporting by Alessia Passafiume — Published April 3, 2026

April 2026 – Market Update

April Smiles Hello

By Li Read, Salt Spring — April 2026

Spring Arrives

Spring arriving on Salt Spring IslandAn interesting month…it starts with continuing March weather vagaries, bare tree branches, buds tightly furled, Spring’s promise still uncertain.

At the close of the month, the eruption of growth is everywhere, and it’s suddenly almost May. That surprise of real Spring in just mere days brings with it a renewal of energy everywhere, not just in gardens. Enjoy!

The Real Estate Market

Salt Spring Island real estateWhat about that ever interesting real estate market? The Spring season also brings with it a restless desire for change.

For some substantial time, both locally and Canada-wide, perhaps from 2022 to 2025, inventory remained low and prices remained relatively stable…but outcomes with offers written/presented were very slow. Buyers remained interested, did reply to marketing pieces, did make solid inquiries, did sometimes turn up to view, but final action did not result. Uncertainty prevailed.

It does take time to sell properties in secondary home/recreational areas: no local market means discovery, observation, thoughtfulness, and then activity. Time is always a component of sales on Salt Spring and the Gulf Islands.

Currently, there are around 117 listings on Salt Spring…that would take in residential, land, commercial. In a steady market, there might be around 382 to 400. There is not a lot of choice in either type or price, for a buyer. Most owners do not want to be sellers.

All levels of government (municipal, provincial, federal) have been singing the song of affordability, and for some time, but nothing coherent has emerged to create this. Low inventory continues.

Title & DRIPA

Spring blooms on Salt Spring IslandThe reasons for hesitations in activity in the past have varied. In this 2026 year, one of the concerning issues is about title…indigenous vs fee simple. It may be that the remainder of the provincial Spring legislature sitting will finally see this being addressed.

The process of the UN Declaration of the Rights of Indigenous Peoples Act (DRIPA) has been underway with current provincial government since 2019, although this was not shared with the rest of B.C. population. It’s important to understand what this all means for owners of property in B.C. Be informed.

Seasonal Inspiration

Salt Spring Island oceanfront propertyMeantime, it’s energetic April, the explosion of Spring’s amazing beauty will be fully evident by the 26th, and it’s time to be part of this seasonal adventure. Open windows and doors, patio dining beckons, markets are there to welcome, movement is the suggestion of the season, and remember to be inspired.

The message of the season: no matter the global or local concerns, Spring remains a generous annual gift. Enjoy!

Salt Spring Island spring scenery

B.C. Mulls Changes to Weaken DRIPA

B.C. Mulls Changes to Weaken DRIPA, Shares Secret Document with First Nations Leaders

By Alessia Passafiume, The Canadian Press • March 24, 2026

Following two recent court decisions siding with First Nations under British Columbia’s Declaration on the Rights of Indigenous Peoples Act, Premier David Eby is considering amendments that would weaken the legislation.

First Nations leaders have called on Eby to leave the bill alone.

The bill, known as DRIPA, requires B.C. to take “all measures” to align the rights of Indigenous Peoples with existing provincial legislation. Amendments proposed in a confidential letter sent to some First Nations leaders in B.C. on Monday say the government is looking to amend the bill to promise “ongoing processes” to align select legislation with DRIPA. The provincial Declaration on the Rights of Indigenous Peoples Act, or DRIPA, was passed in 2019.

It’s based on the United Nations Declaration on the Rights of Indigenous Peoples, which requires free, prior and informed consent from Indigenous Peoples on matters affecting their rights, lands, territories and resources.

The federal government has similarly adopted the UN principle and is working toward its implementation, though its view is it does not constitute a veto on development.

Court Decisions and Government Response

Eby told reporters last week his government is trying its best to work with chiefs across the province to address concerns about the court decisions. They both cited DRIPA and sided with First Nations on mining and property rights, which the provincial government has said isn’t the intention of the law.

One found the provincial mineral claims regime is “inconsistent” with DRIPA, and another recognized the Cowichan Tribes’ Aboriginal title on land along the Fraser River, with titles held by Canada and the City of Richmond deemed “defective and invalid.”

In response to the mineral claims case, Eby has said it’s “crucial that it is British Columbians through their elected representatives that remain in control of this process, not the courts.”

“Too much rides on it in terms of our province’s prosperity and certainty going forward.”

— Premier David Eby

Economic and Relationship Implications

If the amendments are passed, it could complicate relationships between Indigenous Peoples and Eby’s government as it looks to get major projects built to boost its economy in the face of trade threats from the United States.

Eby has been facing growing questions over the future of the legislation, and has been criticized over the process in which changes are being discussed.

Confidential Proposals

The proposed changes have remained out of the public eye. The letter sent to First Nations leaders on Monday, which included a link to a document with details of the proposed amendments, said it was “subject to cabinet confidence” and was shared under a confidentiality agreement, which some leaders agreed to in order to allow for consultations.

The Canadian Press has viewed both documents.

Some First Nations leaders have told media they have yet to see the proposed amendments themselves, despite signing that confidentiality agreement.

The province is scheduled to host a briefing about the proposed changes with First Nations leaders on Wednesday, and those leaders are asked to provide feedback by 4 p.m. on Friday. A one-hour meeting for those leaders has also been set for April 1 with Eby, Attorney General Niki Sharma and Indigenous Relations and Reconciliation Minister Spencer Chandra Herbert.

The letter says the government is open to changes and acknowledges the “compressed timelines.”

Proposed Legislative Text Changes

The government document shows the existing wording of some sections of the law crossed out, with the proposed text of the changes underneath for First Nations leaders to review.

The “Purpose of the Act” section, as currently written in the law, says it is “to affirm the application of the Declaration to the laws of British Columbia.”

The proposed change for that section change instead says the government will “provide for the ongoing processes of the government working, in consultation and co-operation with the Indigenous peoples in British Columbia, towards aligning enactments with the declaration.”

The document also shows the provincial government is looking to replace a clause that says the government “must take all measures necessary to ensure the laws of British Columbia are consistent with the Declaration,” and instead says the provincial government will work toward aligning specific laws “identified as priorities.”

It continues that the province “may prepare a new action plan” for implementing DRIPA “at any time.”

Reactions

First Nations have said they do not support any changes to the legislation, while some B.C. Conservative MLAs have called for the law to be scrapped altogether.

The Union of B.C. Indian Chiefs, which advocates on behalf of more than 100 First Nations in the province, passed a resolution in February calling on the government to publicly commit to keeping the law as is currently written.

The Law Society of British Columbia has decried Eby’s intent to change the legislation in response to court rulings. In a statement released in February, the group said “politicians must take great care when commenting on judicial decisions and must avoid asserting or implying that courts are not properly playing their role.” Doing so, the group said, decreases confidence in the justice system.

“The Law Society urges the B.C. government to reconsider making any proposed legislative changes that would limit access to independent courts,” their statement reads.

— Law Society of British Columbia

Source: The Canadian Press • By Alessia Passafiume • March 24, 2026

With files from Wolfgang Depner in Victoria and Chuck Chiang in Vancouver

Shared by Li Read, Re/Max Salt Spring

Some B.C. appraisers adding land-claims clause after Aboriginal title court case

Some B.C. appraisers adding land-claims clause after Aboriginal title court case

By Ashley Joannou, The Canadian Press — Published March 12, 2026

The president of the B.C. branch of the Appraisal Institute of Canada says the recent Cowichan Aboriginal title court ruling is contributing to speculation that private property rights could be affected.

An organization representing about 1,200 appraisers in British Columbia says some of its members are adding clauses to their reports noting that current, past, and potential future land claims have not been considered in their valuations.

Appraisal Institute of Canada — B.C. Branch

Allan Beatty, president of the B.C. branch of the Appraisal Institute of Canada, says in a statement that the recent Cowichan Aboriginal title court ruling in B.C. is contributing to speculation that private property rights could be affected.

Beatty says the organization is preparing advice for its members on the appropriate limitation clauses, but discourages the use of “unsubstantiated adjustments that do not reflect the most relevant market data.”

Beatty says up-to-date market data is the most effective way to incorporate all relevant influences on value of a property.

The Cowichan Ruling

In an August 2025 ruling, a B.C. Supreme Court judge confirmed the Cowichan Tribes hold Aboriginal title over about 300 hectares of land on the Fraser River in Richmond, B.C.

The Cowichan Tribes did not seek to have private titles invalidated, but the ruling says it creates precedent that sections of law establishing private fee-simple ownership as indefeasible do not apply to Aboriginal title.

The provincial government and the Cowichan have begun negotiations on the claim even as the original decision is being appealed.

Looking Ahead

“Additional court rulings on this topic are expected to continue to shape markets throughout B.C. and beyond.”

“(The institute) is confident that its members, as the professionals of choice in real estate valuation and consulting, will continue to adapt to the dynamic nature of real property markets and provide appropriate advice to all stakeholders.”

Provincial Response

B.C.’s Minister of Indigenous Relations Spencer Chandra Herbert said Thursday that the government’s position is that it is not negotiating private property unless there’s a willing seller and a willing buyer.

“I think nations actually have been quite vocal recently to be clear that they’re not coming after people’s private property, that’s not their intention, and that we all have to live here together.”

“Certainly they don’t want to do to people what was done to them, where they were evicted from villages, had villages burned down and things like that.”

B.C. Conservative MLA Scott McInnes said there needs to be clarity.

“We need a path forward here for private property in this province, because people are scared.”

— With files from Wolfgang Depner in Victoria

This report by The Canadian Press was first published March 12, 2026.

Aboriginal Title Agreements Threaten Property Rights Across Metro Vancouver

By Niels Veldhuis, President, Fraser Institute & Jason Clemens, Executive Vice President, Fraser Institute

B.C. Business Examiner

March 3, 2025

Aboriginal Title Agreements Threaten Property Rights Across Metro Vancouver

Premier David Eby’s quiet push to effectively grant Aboriginal title over large swaths of British Columbia, coupled with a landmark B.C. Supreme Court decision in 2025 granting Aboriginal title to the Cowichan Tribe over land around Richmond (a suburb of Vancouver), has significantly increased public anxiety in the province. And if property owners in Vancouver, and indeed the entire province, weren’t yet in a state of panic over the threats to their property, recent agreements between the Carney government and the Musqueam Indian Band might be the final straw on the proverbial camel’s back.

On Friday, Feb. 20, the federal government quietly issued a news release with the headline: “Musqueam and Canada Sign Historic Agreements Recognizing Rights, Stewardship, and Fisheries.”

What the Musqueam Claim as Their Territory

For context, it’s important to understand exactly what the Musqueam claim as their territory. According to the Musqueam website, “Today, portions of Musqueam’s territory are called Vancouver, Burnaby, Richmond, New Westminster, Delta, North Vancouver, West Vancouver, Surrey, UBC Endowment Lands, YVR Airport and Coquitlam.” In other words, nearly every square inch of Metro Vancouver. And according to the Musqueam, it holds “Aboriginal title to our land, and Aboriginal rights within that territory occupied.”

And now apparently our own federal government—without consultation, transparency, a vote by the public or any publicity—has agreed with, and essentially granted, the Musqueam’s claims.

Of the three “Historic Agreements,” the most worrying for Vancouverites should be the Rights Recognition Agreement, which, according to the government’s news release, “recognizes that Musqueam has Aboriginal rights, including title, within their traditional territory and establishes a framework for incremental implementation of rights.”

Don’t worry, Vancouverites, your property rights won’t be eroded in a single stroke. They will be eroded through “incremental implementation.” The federal government won’t use a bulldozer to level your property rights—it will use a sledgehammer repeatedly over time.

Out of Touch with Reality

Ottawa, of course, doesn’t see it that way. It claims the agreements “represent a major step forward towards reconciliation.” How out of touch are our politicians that they can’t see that this type of “reconciliation” has the potential to be a disaster for our province?

At best, it will create uncertainty for years, perhaps decades. And uncertainty is detrimental to private-sector business investment, which is essential to improve productivity and living standards. What company or entrepreneur would invest in a province that does not guarantee property rights?

According to the vast majority of scholars who study why some places prosper while others stagnate or fail, private property is a necessary condition for prosperity. Only countries with private property can flourish. In fact, the 2024 Nobel Prize in Economics was awarded to three economists who conducted empirical research on the institutions that shape prosperity, and found that property rights are essential.

And it’s quite possible, even likely, that as people realize their property is under threat, the laudable goal of reconciliation will become more difficult to achieve. Of course, you’d never get that impression reading the more than half-dozen quotes in the news release from ministers of the federal government.

The Government’s Own Words

For example, the Honourable Rebecca Alty, Minister of Crown-Indigenous Relations Canada, notes that “Our government was elected to meet a generational challenge: to strengthen Canada’s economy and deliver results… Reconciliation is not just words, but action—where Musqueam and Canada are working to incrementally implement Musqueam’s Aboriginal rights within their territory.”

The Honourable Steven MacKinnon, leader of the government in the House of Commons, added that: “Today’s announcement marks a meaningful step forward in reconciliation with Indigenous Peoples and in recognizing their historic contributions to the economic development of the region and of Canada.”

Prosperity and stability cannot exist without the bedrock of clear predictable property rights. Unfortunately, the federal government has joined the provincial government and the courts to undermine and indeed threaten property rights in B.C.

Niels Veldhuis is President of the Fraser Institute and Jason Clemens is Executive Vice President. Originally published in the B.C. Business Examiner , March 3, 2025.