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Posted on March 27, 2022 by Ollie Nietzel
The BC government introduced legislation on March 28, 2022, known as Bill 12 - 2022, to allow for the creation of a "cooling off" period that will allow buyers to back out of a purchase after signing a Contract of Purchase and Sale.
This could have severe consequences if Buyers act in bad faith and could potentially prevent Sellers from purchasing their next home.
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