Buying & Selling Property

Buying or selling a home is probably one of the largest financial transactions you’ll ever make. It’s important to be well-prepared before purchasing or selling a home or investment property. Asking the right questions and getting the information you need helps to protect you as a consumer and achieve a good result for you and your family.

Tips on Buying and Selling a Home

Buying or selling a home is probably one of the largest financial transactions you’ll ever make. It’s important to be well-prepared before purchasing or selling a home or investment property. Asking the right questions and getting the information you need helps to protect you as a consumer and achieve a good result for you and your family.

Home Inspectors

In 2009, British Columbia became the first province to introduce mandatory licensing for home inspectors.

Long Term Residential Leases

Some residential properties in B.C. are long term leaseholds (leased housing) that can be bought and sold to the end of a contract. While commercial leaseholds are very common, residential leaseholds are not.

Reconstruction Loans

Reconstruction loans were distributed under the Homeowner Protection Act from 1998 to 2009. The loans provided financial assistance to eligible homeowners to repair damage caused by faulty construction of the building envelope (the vertical walls that separate the living space from the exterior).

Consumer Protection

The B.C. government is committed to protecting citizens who are buying, selling or renting a home. Under the Real Estate Services Act and Real Estate Development Marketing Act, the real estate industry is mandated to protect the public interest and prevent harm to consumers.

The Office of the Superintendent of Real Estate (OSRE) is responsible for ensuring that the real estate industry complies with provincial legislation by providing effective regulation and oversight.

The content on this webpage is periodically reviewed and updated by the Province of British Columbia as per the date noted: October 30, 2018.