If you're in the market for a home, B.C. is bringing in new rules you'll want to know about, including a three-day cooling off period for buyers. @Aaron_GlobalBC has the details. pic.twitter.com/EoFU8HzGVa
— Global BC (@GlobalBC) July 21, 2022
The BC Real Estate Association is expressing disappointment with the province’s plan to bring in a mandatory three-day waiting period before an offer from a buyer can formally be accepted. https://t.co/2YKyLunTCv
— CityNews Vancouver (@CityNewsVAN) July 22, 2022
The BC government just introduced a new law that will increase real estate prices.
— Jesse Kleine (@jesse_kleine) July 21, 2022
Every buyer has the option of backing out of an offer for 3 days now. The "cooling off" period.
So buyers are competing on one thing: price
Previously, sellers would accept lower offers (1/3)
