In a rapidly changing real estate landscape, staying ahead of
regulatory changes is essential for real estate developers. To
tackle rising construction costs and enhance consumer protection
for pre-sale purchasers, BC
Financial Services Authority
("BCFSA")
has introduced a pilot program for developers that extends the
early marketing window, and a new consumer disclosure form to
accompany disclosure statements.
Pilot Program: 18-Month Early Marketing Period for Large
Developments
Effective February 25, 2025, BCFSA is launching a pilot program
allowing large residential developments with 100 or more units to
extend the early marketing period under the Real Estate
Development Marketing Act ("REDMA")
from 12 months to 18 months.
