Home Buyer Rescission Period Regulation

Real Estate in the Okanagan affects just about everyone in some way or another. In the New Year there will be some major changes to the landscape of how real estate can be purchased or sold. In the last episode of the Law Talk Podcast, lawyers Tanvir Gill and Clarissa Lester discussed the Foreign Buyer Ban which comes into effect in January. Another massive change once the calendar is flipped is the implementation of the “Home Buyer Rescission Period Regulation” which sets out further details regarding the cooling-off period. But how do these changes in BC help the housing shortage and the supply issues? Tanvir and Clarissa investigate in the final episode of 2022.