Government Cooling off period

While the government's goal of a cooling off period is increased transparency, it's worth considering the potential impact the policy could have on BC's housing affordability crisis. If implemented, more buyers would be likely to bid on more properties, potentially causing in increase to housing prices. In BC's extremely low supply conditions, this could increase prices by an additional two to three per cent according to initial research conducted by BCREA.  See link below for full article: