The BC Government has just announced a 3-day cooling off period for buyers of real estate starting January 1, 2023. This is the measure that was introduced as a mechanism to allow buyers more comfort in their purchasing decisions, with an ability to walk away from the deal with a small penalty if they so choose.

 

What do we think about this? What impact might this have? How does this impact other jurisdictions and the decisions they might be making on similar policies? We dive in deep on this week of Level Up.

 

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