BC government to amend Property Law Act to add cooling off period

Author: Boychuk Mortgage Group | | Categories: Home Purchase Mortgage , Mortgage Broker , Mortgage Loans , Residential Mortgage

Mortgage industry Articles

The BC government introduced legislation on March 28, 2022, known as Bill 12 - 2022, to allow for the creation of a cooling off period that will allow buyers to back out of a purchase after signing a Contract of Purchase and Sale.

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Original Article Source Credits: Real Estate Board of Greater Vancouver, https://www.rebgv.org/

Article Written By: NA

Original Article Posted on: 30th March 2022

Link to Original Article: https://www.rebgv.org/content/rebgv-org/news-archive/bc-government-to-amend-property-law-act-to-add-cooling-off-perio.html