Skip to Main content

11.46°^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

quebec-plans-new-law-to-ban-religious-symbols-in-daycare-centres

CanadaOct 23, 2025

Quebec plans new law to ban religious symbols in daycare centres

The Quebec government is moving to prohibit the wearing of religious symbols in the province’s daycare centres, expanding its existing secularism policies in early childhood settings. Secularism Minister Jean-François Roberge said there is broad public agreement that Quebec’s commitment to secular values should be reinforced. The decision follows recommendations made earlier this year by a provincial advisory committee that studied ways to strengthen secularism laws. Quebec’s current legislation already restricts public employees in positions of authority, including teachers, police off

alberta-government-plans-back-to-work-legislation-as-teachers-strike-enters-third-week

AlbertaOct 23, 2025

Alberta government plans back-to-work legislation as teachers’ strike enters third week

Alberta Premier Danielle Smith says her government will introduce back-to-work legislation on Monday if no deal is reached to end the provincewide teachers’ strike. Smith said the walkout, now in its third week, has caused “intolerable hardship” for students and families, adding that the government cannot allow the disruption to continue. The strike has shut down classrooms for about 51,000 teachers and 750,000 students in public, separate, and francophone schools across the province. While formal negotiations between the Alberta Teachers’ Association and the province are not currently

superintendent-peri-mainwaring-appointed-new-head-of-north-vancouver-rcmp

Superintendent Peri Mainwaring appointed new head of North Vancouver RCMP

The North Vancouver RCMP has a new Officer-in-Charge. Superintendent Peri Mainwaring has been appointed to lead the detachment, bringing more than three decades of policing experience with the RCMP. Mainwaring began her career in Saskatchewan and has served in municipal, provincial and federal roles across the country. Before her latest promotion, she was the Community Programs Officer with the Burnaby RCMP, where she helped strengthen community safety initiatives and led work on mental health and crisis intervention. Her connection to North Vancouver is longstanding — Mainwaring previously

pm-modi-invites-canadian-pm-to-new-delhi

CanadaOct 23, 2025

PM Modi invites Canadian PM to New Delhi

India has invited Prime Minister Mark Carney to New Delhi early in the new year for talks with Prime Minister Narendra Modi. This could pave the way for a new economic relationship and a free trade agreement between the two countries. India's High Commissioner to Canada Dinesh Kumar Patnaik said that a sincere effort is being made by the two leaders to improve diplomatic relations and increase trade and investment opportunities amid the tariff war with the US. Patnaik said that if the two countries negotiate a far-reaching agreement, annual trade between Canada and India could cross $50-billio

interior-health-testing-virtual-emergency-care-to-support-rural-hospitals

Interior Health testing virtual emergency care to support rural hospitals

Interior Health is planning a pilot project that would use virtual emergency care to help keep small hospitals in British Columbia’s Interior open during staffing shortages. The proposal would link hospitals in Clearwater, Nakusp, Lillooet, and Princeton, allowing physicians to share responsibilities through a combination of on-site and remote support. Interior Health says the four facilities face similar challenges, with low overnight patient volumes but frequent service interruptions due to limited staffing. The health authority says it is consulting with local doctors and staff to determi

Related News

Superintendent Peri Mainwaring appointed new head of North Vancouver RCMP

Superintendent Peri Mainwaring appointed new head of North Vancouver RCMP

The North Vancouver RCMP has a new Officer-in-Charge. Superintendent Peri Mainwaring has been appointed to lead the detachment, bringing more than three decades of policing experience with the RCMP. Mainwaring began her career in Saskatchewan and has served in municipal, provincial and federal roles across the country. Before her latest promotion, she was the Community Programs Officer with the Burnaby RCMP, where she helped strengthen community safety initiatives and led work on mental health and crisis intervention. Her connection to North Vancouver is longstanding — Mainwaring previously

Interior Health testing virtual emergency care to support rural hospitals

Interior Health testing virtual emergency care to support rural hospitals

Interior Health is planning a pilot project that would use virtual emergency care to help keep small hospitals in British Columbia’s Interior open during staffing shortages. The proposal would link hospitals in Clearwater, Nakusp, Lillooet, and Princeton, allowing physicians to share responsibilities through a combination of on-site and remote support. Interior Health says the four facilities face similar challenges, with low overnight patient volumes but frequent service interruptions due to limited staffing. The health authority says it is consulting with local doctors and staff to determi

Officials warn against misinformation as B.C. rolls out influenza, COVID-19 vaccines

Officials warn against misinformation as B.C. rolls out influenza, COVID-19 vaccines

British Columbia's health minister says she is concerned about a "growing amount of misinformation and disinformation" related to vaccines as the province rolls out its campaign for the respiratory illness season. Josie Osborne says much of the false and misleading information is coming from outside Canada, particularly the United States. She told a news conference on Wednesday that false claims about vaccines undermine confidence in proven public health measures in B.C., where officials base their decisions on strong scientific evidence and expert medical advice. Osborne says the false inform

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital