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  • 42 (1) A purchaser of residential real property may rescind the contract of purchase and sale for the property by serving written notice of the rescission on the seller within the prescribed number of days after the date that the acceptance of the offer was signed.
  • (2) Subsection (1) does not apply to a contract of purchase and sale to which section 21 of the Real Estate Development Marketing Act applies.
  • (3) Subsection (1) does not apply if title to the residential real property has been transferred from the seller to the purchaser.

2022-12-1, effectiveJanuary 3, 2023 (B.C. Reg. 175/2022 as am. by B.C. Reg. 220/2022).