Skip to Main content

15.11°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Nov 5, 2021 12:30 AM - The Canadian Press

B.C. to introduce 'cooling off' period legislation for real estate

Share On

b-c-to-introduce-cooling-off-period-legislation-for-real-estate

B.C. Finance Minister Selina Robinson is photographed following her budget speech in the legislative assembly at the provincial legislature in Victoria, B.C., on April 20, 2021. THE CANADIAN PRESS/Chad Hipolito

British Columbia's government says it will introduce legislation in the spring aimed at giving homebuyers a chance to change their mind on the purchase of a home.

The so-called cooling-off period would allow purchasers to back out with no or diminished legal consequences.

The B.C. Financial Services Authority also will be consulting with those in the real estate industry and other experts on more ways to protect consumers, including a review of the blind bidding system, which can significantly raise the price of purchase.

Finance Minister Selina Robinson says the COVID-19 pandemic has impacted the real estate market, first by dipping during the initial weeks of the pandemic then surging.

She says the consumer protection consultation ``needs to be done right.''

Blair Morrison, CEO of the financial services authority, says ensuring fair markets and promoting public confidence in B.C.'s real estate sector is a key priority.

Latest news

AlbertaApr 08, 2026

Alberta defence lawyers call for probe into Edmonton police chief over manslaughter case comments

A group representing criminal defence lawyers in Alberta is calling for an independent investigation into Warren Driechel and the Edmonton Police Service’s top lawyer, Megan Hankowich, over public comments tied to a recent manslaughter case. The Criminal Trial Lawyers' Association says the statements may warrant a third-party review to determine whether any criminal conduct occurred. The group is asking Alberta Justice Minister Mickey Amery to direct the province’s Police Review Commission to assess whether there are grounds for charges, including intimidation or obstruction of justice. Ac

ontario-mp-marilyn-gladu-leaves-conservatives-to-join-liberals

CanadaApr 08, 2026

Ontario MP Marilyn Gladu leaves Conservatives to join Liberals

Ontario MP Marilyn Gladu says she has left the Conservative caucus and will sit with the Liberals under Prime Minister Mark Carney, becoming the fifth member of Parliament to cross the floor since November. Gladu confirmed the move in a statement, saying she will support the government’s agenda going forward. The reasons for her decision were not immediately detailed, and it is not clear whether she will take on a formal role within the Liberal caucus. Floor crossings do not trigger a byelection under federal rules, meaning Gladu will continue to represent her Ontario riding as a Liberal MP

AlbertaApr 08, 2026

First Nation chief challenges Alberta separation petition in court, citing treaty rights

The chief of a First Nation seeking a court injunction against a citizen-led petition on Alberta’s potential separation from Canada says legal action was necessary to defend treaty rights. Chief Sheldon Sunshine of Sturgeon Lake Cree Nation said the constitutional challenge targets the province’s citizen-initiated referendum process, which he argues could affect First Nations without proper consultation. According to statements made at the start of the hearing, Sunshine said the case is about ensuring treaty obligations are upheld. A court hearing began Tuesday and is expected to include a

poilievre-communications-director-katy-merrifield-to-step-down-this-week

Poilievre communications director Katy Merrifield to step down this week

Conservative Leader Pierre Poilievre’s communications director, Katy Merrifield, is stepping down from her role, according to an internal email sent to the Conservative caucus on Tuesday. In the message, Merrifield said her last day in the Opposition Leader’s Office will be Friday. She also outlined changes to the senior communications team, stating that Micah Green will take over as communications director and Sam Lilly will become media relations director. Merrifield said both appointments were made at her recommendation. Merrifield joined Poilievre’s team in 2025, around the time the

carney-european-leaders-welcome-reported-u-s-iran-ceasefire-call-for-broader-diplomatic-talks

CanadaApr 08, 2026

Carney, European leaders welcome reported U.S.–Iran ceasefire, call for broader diplomatic talks

Prime Minister Mark Carney and nine European leaders say they welcome a reported two-week ceasefire between the United States and Iran, according to a joint statement released Wednesday. The statement follows remarks from U.S. President Donald Trump, who said Tuesday that an agreement had been reached after tensions over the Strait of Hormuz, a key global shipping route. Trump had earlier warned of severe consequences if negotiations to reopen the waterway failed. According to Trump’s social media posts, discussions between the United States and Iran are expected to include reconstruction ef

Related News

Poilievre communications director Katy Merrifield to step down this week

Poilievre communications director Katy Merrifield to step down this week

Conservative Leader Pierre Poilievre’s communications director, Katy Merrifield, is stepping down from her role, according to an internal email sent to the Conservative caucus on Tuesday. In the message, Merrifield said her last day in the Opposition Leader’s Office will be Friday. She also outlined changes to the senior communications team, stating that Micah Green will take over as communications director and Sam Lilly will become media relations director. Merrifield said both appointments were made at her recommendation. Merrifield joined Poilievre’s team in 2025, around the time the

Vaisakhi match at BC Place, Whitecaps win thriller against Portland Timbers

Vaisakhi match at BC Place, Whitecaps win thriller against Portland Timbers

On Saturday, the Vancouver Whitecaps played the Vaisakhi match at the iconic BC Place Stadium in Vancouver. The team dedicated its April 4 match to Vaisakhi and for this reason, the match against the Portland Timbers was named the Vaisakhi match.Bhangra performance by Naam Bhangra, Anmol Rattan and YBC Bhangra at BC Place stadium.During the Vaisakhi celebrations, performances related to Bhangra and Punjabi music were seen during the pre-game and half-time. More than 24,400 spectators had arrived to watch this match.Bhangra performance by Naam bhangra, Anmol Rattan and UBC bhangra during the

Vancouver Island man sentenced to more than nine years for child exploitation offences

Vancouver Island man sentenced to more than nine years for child exploitation offences

A man from Tofino has been sentenced to more than nine years in prison after being convicted of multiple sexual offences involving minors he contacted online, according to police. In a statement, Port Alberni RCMP said Loki Tchir was sentenced on March 28 in Port Alberni on charges that include possession of child sexual abuse material and sexual interference involving a minor. Police said the sentence also imposes long-term restrictions following his release, including limits on employment, contact with minors and attendance at certain public places for a period of 15 years. According to RCMP

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital