Canada & BC Government Changes January 2023Posted by Denise Brown on
CANADIAN & BRITISH COLUMBIAN GOVERNMENT LEGISLATIVE CHANGES COMING JANUARY 2023
Foreign Buyer Ban
Beginning January 1, 2023, non-Canadians will be banned from buying residential property across Canada for two years. Although the federal government has still not released supporting regulations at this point, the Canadian Real Estate Association and BCREA will notify REALTORS® as soon as any guidance is released. There are some exceptions (and Whistler may be one of them), full details won't be available to us until January 1st (frustrating I know!)
Click HERE to read the full article.
Home Buyer Rescission Period
Also beginning January 3, 2023, The HBRP provides buyers an opportunity to rescind their contract to purchase certain…
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