We therefore have a bunch of young adults in the province of B.C. who were denied $7,500 to $10,000 in a bonus incentive to help them purchase their unit.
The suggested resolution is that if the federal government changes the definition in this law and advises the provincial government of such change, these people will be eligible for this particular bonus.
The third issue that I want to bring up is the Indian land registry and delays in property transactions, registrations, and additional costs. There is a much larger burden of regulation and paperwork associated with the transactions on first nations leased land. This causes many delays in closing deals for first nations.
What happens under fee simple is that usually in 24 to 48 hours we can close a transaction. Under first nations, it takes anywhere from three days to ten days, and I've seen it take as long as six months because of hiccups in going through the registration.