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BC`s GOVERNMENT TO INTRODUCE “COOLING OFF PERIOD” FOR RESIDENTIAL REAL ESTATE

The BC Government recently announced its intent to introduce legislation in Spring 2022 that will mandate a cooling off period for buyers of all residential real estate. A cooling off period gives buyers the right to withdraw from a purchase agreement within a specified time period after an offer has been accepted. Until now, BC's residential real estate had been functioning without a cooling off...

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