Cooling Off Periods and Other Interventions: Will They Work?

Episode 23 of the Open House by BCREA podcast, hosted by BC Real Estate Association, titled "Cooling Off Periods and Other Interventions: Will They Work?" was published on November 25, 2021 and runs 40 minutes.

November 25, 2021 ·40m · Open House by BCREA

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Summary

Earlier this month, the BC Government announced its intention to introduce a "cooling off" period for residential real estate transactions in BC next spring as well as consultation on several other practices that potentially pose a risk to consumers, including "blind bidding." On this special episode of Open House by BCREA, we welcome three guests to the show to help REALTORS® get a better understanding of the announcement: Dr. Paul Harrison shares his research into the effectiveness cooling ...

Episode Description

Earlier this month, the BC Government announced its intention to introduce a "cooling off" period for residential real estate transactions in BC next spring as well as consultation on several other practices that potentially pose a risk to consumers, including "blind bidding." On this special episode of Open House by BCREA, we welcome three guests to the show to help REALTORS® get a better understanding of the announcement: Dr. Paul Harrison shares his research into the effectiveness cooling off periods; BCREA Chief Economist Brendon Ogmundson shares his initial analysis of the impact of a cooling off period on BC's housing market, and Mike Moffat talks about whether there is evidence that supports the idea that banning blind bidding will slow real estate price growth.

This episode was recorded on November 23, 2021.

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BCREA Resources on Cooling Off Period and Blind Bidding:

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