When the Real Estate Council of BC became a government reporting entity, the Council changed its fiscal year end to align with the provincial government year end, March 31.
The Real Estate Compensation Fund Corporation then changed its fiscal year end effective March 31, 2018, to align with the Real Estate Council of BC .
To effect the change, the Real Estate Compensation Fund Corporation incurred a one-off fiscal period for the three months ended March 31, 2018. During this period, there were no payments from the Special Compensation Fund and an Annual Report was not prepared for the three-month stub period.
For information, please refer to the annual reports for the year ended December 31, 2017 or the year ended March 31, 2019.