Both the BC and Alberta securities commissions have issued warnings to investors about investing in unregulated real estate-based securities. Because these investment vehicles are not traded on any exchanges, they are not subject to disclosure regulations. Individuals considering investing in these types of real estate-based securities are urged to do their homework before investing. Here is a link to a Business In Vancouver article discussing this issue:
http://www.bivinteractive.com/index.php?option=com_content&task=view&id=1575&Itemid=32
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.