How B.C.’s ‘Defective’ Land titles Are Spooking Banks and Freezing Richmond’s Industrial Heartland
How B.C.’s ‘Defective’ Land titles Are Spooking Banks and Freezing Richmond’s Industrial Heartland

By John Wirth, Local Journalism Initiative Reporter, Alberta Native News A Landmark August 2025 B.C. Supreme Court ruling (Cowichan Tribes v. Canada) declared Aboriginal title over 1,800 acres of Richmond’s industrial heartland. The Legal Shift: For the first time, the court ruled that Indigenous title and private “fee simple” property coexist. However, Aboriginal title is the “senior interest,” effectively “burdening” existing deeds. The Economic Fallout: Banks are freezing credit. With “clear title” no longer guaranteed, a $35-million loan for a major industrial hub has already been pulled, rendering prime land “unmarketable.” The Historical Context: The crisis traces back to 1859 and the “dishonourable” land-flipping schemes of Colonel Richard Moody, who sold unceded territory he was tasked to protect. The Bottom Line: This isn’t a “takeover” of homes; it’s a reckoning

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