
27 July 2022
New Homebuyer Protection: 3-day Right of Rescission
On July 21, 2022, the Government of British Columbia announced the creation of regulations that will enable a mandatory three-day Homebuyer Protection Period (“HPP”), also known as a “cooling off period” or “right of rescission” starting on January 1, 2023. The new regulations can be implemented directly by the government due to previously passed amendments…