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B.C. Superintendent of Real Estate Permanently Extends REDMA Early Marketing Deadlines | Bennett Jones LLP

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Effective May 1, 2021, following the expiry of Policy Statement 17 (PS 17) on April 30, 2021, the Office of the Superintendent of Real Estate (BC) (OSRE) will bring into effect amendments to Policy Statement 5 (PS 5) and Policy Statement 6 (PS 6) to extend permanently the early marketing timeframes that were temporarily changed under PS 17 in order to provide some relief to developers in the midst of the COVID-19 pandemic.
Policy Statements 5 and 6 Nine Months of Early Marketing
Under Part 2 of the
Real Estate Development Marketing Act (BC) (REDMA), a developer of a development property is required to make certain disclosure to purchasers of development units and is restricted from the early marketing of those development units except in accordance with specific requirements that are established by the OSRE. PS 5 and PS 6 allow developers to engage in early marketing before obtaining a building permit (P ....

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Hot real estate market sparks warnings to potential buyers as complaints to regulator double

The Real Estate Council of B.C. and the Office of the Superintendent of Real Estate said that in the first three months of 2021, they have seen an increase in inquiries and complaints. ....

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Heightened Market Activity Prompts Real Estate Regulators to Caution Consumers

Heightened Market Activity Prompts Real Estate Regulators to Caution Consumers
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Real Estate Council of BC and Office of the Superintendent of Real Estate urge buyers to do their research before making an offer
VANCOUVER, BC, April 9, 2021 /CNW/ - With real estate market activity in BC continuing to increase, the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) are encouraging British Columbians to be aware of the potential risks and do their research before making an offer on a home. ....

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Single regulator for real estate on the way in | Columbia Valley, Cranbrook, East Kootenay, Elk Valley, Kimberley, Ktunaxa Nation

Single regulator for real estate on the way in | Columbia Valley, Cranbrook, East Kootenay, Elk Valley, Kimberley, Ktunaxa Nation
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Developer's 'dog and pony show' fetches seven years in prison - BC News

Developer's 'dog and pony show' fetches seven years in prison - BC News
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