This is an interesting question for sure and yes I’d agree that the real answer may reside with the local city council and may be different depending on the state and associated zoning regulations in place.

Account ClosedYes, BC did announce some of their newer regulations - which included the so-called 'speculator levy' - prior to having the data to back the action ... call it "speculative governance" if you might.Now that data is being collected in BC and Ontario (ostensibly for Toronto and the Golden Horseshoe}, we are starting to get a better picture of just "who" the speculators are in those markets and it is seeming as though the "foreign contingent" is not as significant as initial presumed.On your recommendation to explore "Subject To"  deals, I should point out that very manner in which mortgage financing functions in Canada, makes "Subject To" deals less attractive and less common.  

It's nice to have a local bank that you can walk into and have human contact and that may help you but it can only take you so far as banks are tied to regulations/underwriting guidelines. 

Hem,As others have posted, the final regulations have not been posted yet.

HOA regulations may.

It really did nothing to the CFPB or how it regulates covered mortgages. 

You must learn your local laws and regulations, know your local attorneys or title companies, contractors, subs, investors, lenders, etc.

So long as regulations allow the small man to flip houses, then this industry will stay active and viable.

@Steven Nguyen The City has regulations, primarily for the purpose of dealing with mini-dorm situations around the SDSU campus. 

If they could get out of their own way of their own regulation or reduce them for developers and charities to be able to build housing from say shipping containers,  or in older commercial buildings without having to do a full upgrade to modern standards.