The First Canadian Property Rights Index

Dave Killion — April 7, 2013

The Frontier Centre For Public Policy has produced The First Canadian Property Rights Index. From the Executive Summary

“Property rights are not absolute. In Canada, they are quite precarious and subject to government regulatory whim, especially since our constitution does not formally protect them as is done in other jurisdictions. However, the common law does provide compensation if land is taken”…. “Canadians ought to care about property rights, because they are connected to our economic well-being and our liberal democratic rights.”

Written by the indomitable Joseph Quesnel, the index considers eight indicators: registering and/or transferring property, expropriation, land-use planning and constructive takings doctrine, municipal power of entry, civil forfeiture, endangered species, successions, and heritage property.

Overall, the state of property rights in Canada is deplorable, with top-ranking Nova Scotia scoring an anemic 68.25%, and beleaguered Prince Edward Island rating a near-totalitarian 47%. This sorry state of affairs suggests Canadians, lacking security in their property, will be poorly motivated to pursue the bountiful opportunities our future promises. But not all is lost. Early investors determined to improve the economic environment in lower-rated areas stand to profit significantly if  they are successful in rolling back government regulation and entrenching property rights in their local constitutions. Look to motivated groups (such as participants in the Free Province Project) to dedicate a good portion of their efforts toward enhancing property rights in their regions.

 

Comments

A says

Good – except those provinces without Civil Forfeiture should be given 100%, not an N/A.

— April 9, 2013

Dave Killion says

Agreed. Quesnel notes this in the body of his paper. Once the correction is made, some of the ‘bad’ provinces will move more to the middle of the herd, making most all of them equally pathetic.

— April 9, 2013

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