January 2023

BC's Homebuyer Rescission Period

Posted on Jan 03, 2023

As of January 3, 2023, in British Columbia, if you sign a contract to purchase a home, you have a three-day period in which you can change your mind and cancel the contract. This is called the "cooling-off period" or the "three-day rescission period." The right to rescission cannot be waived by either the buyer or seller.

The cooling-off period is d...

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