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Government Policy
Preparing for January 1: Federal and provincial changes affecting real estate coming in 2023
Preparing for January 1: Federal and provincial changes affecting real estate coming in 2023
Tuesday, October 25, 2022
Get ready for the ban on foreign buyers and the cooling off period. (2 minute read)
Government Policy
Cooling-off period: What real estate lawyer Michael Drouillard wants you to know
Cooling-off period: What real estate lawyer Michael Drouillard wants you to know
Thursday, August 18, 2022
The cooling-off period will fundamentally change the way real estate contracts will work according to real estate lawyer Michael Drouillard. Watch a recording of his webinar to find out more. (1:30:49 video)
Legislation
BC government introduces “cooling-off” period for home sales
BC government introduces “cooling-off” period for home sales
Wednesday, August 03, 2022
Starting January 1, 2023 home buyers can back out of a residential purchase up to three business days after signing a contract. (3 minute read)
Legislation
Government moves to legislate cooling off period – what we know
Government moves to legislate cooling off period – what we know
Thursday, May 05, 2022
The government passed enabling legislation for a cooling off period, allowing buyers to back out of a deal after a contract is signed within a now undetermined amount of time. (2 minute read)
Government Advocacy
How does BCREA’s recommendations to protect home buyers compare to the cooling-off period?
How does BCREA’s recommendations to protect home buyers compare to the cooling-off period?
Thursday, March 03, 2022
To protect home buyers, BCREA with the support of its provincial boards drafted a white paper with 30 recommendations aimed at improving market conditions - but how does it compare to the BC government's proposal? (2 minute read)