Cooling-off period not the solution to B.C. housing crisis, real estate association says (CBC News)
Association counters government with ‘pre-offer period’ as way of giving buyers time to do their due diligence.
B.C.’s housing market is so hot that buyers are being forced to make offers on homes so quickly that they don’t get a chance to review documents, get appraisals or schedule inspections.
Natalie Holgerson received an unsolicited offer on her townhome in Steveston last summer and decided to take a chance and accept it, planning to quickly find a new home. Now, she’s living in a rental unit.
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