Foreign Buyers Ban
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New legislation allows B.C. home buyers to back out of accepted offer — but there’s a costThe Home Buyer Rescission Period (HBRP) gives buyers a window to have a change of heart about the purchase of the property.CanadaJan 4, 2023
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As foreign homebuyer ban takes effect, experts expect little change in B.C.The new measure, which took effect on Jan. 1, 2023, bars most non-residents and foreign commercial enterprises from buying residential properties in Canada for the next two years.EconomyJan 2, 2023
