BC REALTORS® gathered from March 10-12 in Victoria to address government liaison issues and meet with local MLAs during BCREA’s GL Days.
Posts tagged with “Cooling Off Period”
The BC Government has created regulations that will enable a mandatory three-day Homebuyer Protection Period, previously called a “cooling off period,” on January 1, 2023.
After reviewing the BCFSA consumer protection recommendations published on May 26, the BCREA urges the Ministry of Finance to carefully consider the next steps prior to implementing any of the measures proposed.
On May 10 and 11, many REALTORS® from across BC convened to discuss government liaison issues and met with their local MLAs.
The BC Government’s recent announcement introducing a “cooling off period” has resulted in significant confusion and uncertainty both within the sector and amongst the public.
This special episode features three guests who help us get a better understanding of the BC Government’s recent announcement introducing consumer protections measures for real estate transactions in BC.
BCREA supports making homeownership more achievable for people in BC, however, the provincial government’s recent announcement outlining plans to implement a cooling off period is premature.