Home Buyer Rescission Period

The Home Buyer Rescission Period (HBPP), previously known as “Homebuyer Protection Period” and “cooling-off period,” is expected to be implemented province-wide on January 3, 2023.     What is the Home Buyer Rescission Period (HBRP)?     The HBRP, commonly known as a “rescission period,” gives buyers the right to withdraw from a purchase agreement…

Interest Rate Changes

The Bank of Canada hiked its target for the overnight lending rate by 50 basis points to 3.75% while continuing its policy of quantitative tightening on Wednesday, October 26. Additionally, it was stated the policy rate could rise further given elevated inflation and inflation expectations as well as ongoing demand pressures in the economy. Following…