In an effort to slow a then-frothy residential real estate market, the Province adopted amendments to the Property Law Act on April 25, 2022 to establish a new homebuyer rescission regime in B.C. These amendments provide buyers of residential real estate with a mandatory “cooling-off period” following execution of a purchase agreement, giving them more time to ...
Many land developers arrange to sell lots in a proposed development before the subdivision is completed. The vendor benefits from the promise of confirmed future sales and non-refundable deposits. Purchasers benefit from lower prices for purchasing early. However, what happens if the land development is delayed. Can a purchaser get a non-refundable deposit back?
The ...
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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups.
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