While the data is very preliminary, the hardest-hit regions are Brock, which registered a 29% decline, followed by Georgina .
For example, there is no indication when the bill will come into effect, how long the “cooling-off” period will be, or what—if any—financial penalty a buyer would have to pay after backing out of a deal.
“A new homebuyer protection period is one part of the Province’s efforts to protect people during the home-buying process,’ reads a B.C.
Additionally, two in three Canadians feel that owning a home is now only for the rich.
Almost three-quarters of those with debt say they are concerned or “very” concerned about the impact of inflation on their ability to pay their bills.
Dodge noted that the pandemic and the current recovery could pose a unique set of challenges for the central bank, unlike anything seen in prior years.