On January 1, 2023, non-Canadians were banned from buying homes across Canada, through the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This Act prohibits non-citizens and non-permanent residents from purchasing residential property in Canada for two years.
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On November 24, 2022, Bill 44, the Building and Strata Statutes Amendment Act, 2022 (the “Act”), was enacted and removed most rental and age restrictions in strata buildings. The amendments became effective immediately on November 24, 2022. The Act removed two rights of strata corporations to pass bylaws that could control occupancy, rental and use of strata lots: Prohibition of rental restrictions; and removing the right to have age restrictions within a strata building, other than 55+
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Central to any transaction, the Contract of Purchase and Sale (CPS) outlines the terms and conditions on which a transaction takes place. This video will help introduce the CPS, so that when you are ready to make or review an offer, you are familiar with the general content of the form. The British Columbia Real
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