On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act). The Prohibition on the Purchase of...more
Key Highlights -
- Prohibition on the Purchase of Residential Property by Non-Canadians Act comes into force on January 1, 2023.
- Impact of the Act will be clearer once the federal government releases draft...more
On November 4, 2021, the B.C. Government announced that it will introduce new legislation that requires a cooling-off period for resale properties and newly built homes. The Ministry of Finance and B.C. Financial Services...more
11/17/2021
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Ministry of Finance ,
Proposed Legislation ,
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Residential Real Estate Contracts ,
Residential Real Estate Market