Stay Cool – New Home Buyer Rescission Period for Residential Real Properties Coming January 3, 2023 #555
![Realtor sitting next to a couple signing documents](https://www.bcrea.bc.ca/wp-content/uploads/shutterstock_1928564066-scaled.jpg)
All licensees should be aware of a new buyer protection initiative set to come into force January 3, 2023. The Property Law Amendment Act, 2022 (the “Act”) and its related regulations will give British Columbia buyers of most residential properties a rescission period, informally known as a “cooling-off” period, where buyers can change their minds …