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ARTICLE · 15 MAY 2020

Policy Statement 17: Temporary Extension To Early Marketing Deadlines Under REDMA

Developers of residential real estate projects in B.C. have been faced with a number of legal and practical challenges as they attempt to navigate the repercussions of the current COVID-19

CanadaReal Estate and Construction

Developers of residential real estate projects in B.C. have been faced with a number of legal and practical challenges as they attempt to navigate the repercussions of the current COVID-19 public health emergency. Among other things, developers have been required to find new and safe ways to operate their construction sites, administer rental buildings, complete home inspections and closings, and continue their ongoing marketing activities.

Effective as of April 17, 2020, the Superintendent of Real Estate in B.C. has issued Policy Statement 17, with the aim of providing some relief to B.C. developers whose marketing activities have been adversely affected by the pandemic response. The key points arising out of this initiative are summarized below.

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