For persons in British Columbia entering into a residential real estate transaction, here is the guidance on the new home buyer’s rescission period. Home Buyer Rescission Period Consumer Guide
Newfoundland is now the 5th province to regulate high cost credit lenders. Consumer Protection and Business Practices Act Amendments Designed to Protect High-Cost Credit Borrowers
The Federation of Ontario Law Associations raises serious concerns with the proposed regulations for the foreign buyers’ ban, to be implemented in January of 2023. Read their letter here
This article from Gowling calls for increased vigilance from the private lending sector to combat increased threats of mortgage fraud. Protecting against private lender mortgage fraud
Crypto mortgages are loans where crypto currency is used as security for the real estate purchase. A new concept, with some benefits and pitfalls. “Crypto-Mortgage”- Do the Benefits Outweigh the ...
Some further details concerning British Columbia’s new cooling off period for real estate purchases have been unveiled. A three day cooling off period, enabling purchasers to conduct due diligence and ...
