The amendments would enable the creation of a period to give people buying a home more time to consider their offers, ensure financing and obtain a home inspection, instead of feeling like they need to waive these conditions.
“People need to have protection as they make one of the biggest financial decisions of their lives,” said Selina Robinson, Minister of Finance.
A new homebuyer protection period is one part of the Province’s efforts to protect people during the home-buying process.
As a recent buyer, both viewing and financing felt rushed, and I would have appreciated more time to review everything on such an important purchase.