Buying a home is one of the biggest financial decisions most people will ever make. To give buyers more confidence in their purchase, the B.C. government introduced the Home Buyer Rescission Period (HBRP)—also known as the “cooling-off period”—on January 3, 2023.

This rule allows homebuyers up to three business days after an offer is accepted to change their minds and cancel the contract. Here’s what buyers and sellers need to know.

Which Homes Are Covered by the HBRP?

The rescission period applies to most types of residential properties, including:

• Detached houses

• Semi-detached houses

• Townhouses

• Apartments in duplexes or multi-unit dwellings

• Residential strata lots (condos)

• Manufactured homes affixed to land

• Cooperative housing interests with residential rights

Excluded properties include:

• Homes on leased land

• Leasehold interests in residential property

• Homes sold at auction

• Homes sold under court order or court supervision

What Buyers Should Know

• Buyers can rescind a contract within three business days (excluding weekends and holidays), whether or not a REALTOR® is involved.

• The cancellation must be in writing and delivered to the seller before the period ends.

• Buyers do not need to provide a reason.

📌 Rescission Fee:
If a buyer cancels, they must pay the seller a fee of 0.25% of the purchase price.

➡️ Example: On a $1,000,000 home, the fee would be $2,500.

What Sellers Should Know

• The right to rescission cannot be waived by either party.

• Sellers will receive a disclosure of the buyer’s right to rescind with every offer.

• If the buyer cancels and the deposit is not held in trust by the brokerage, sellers may need legal advice to recover the rescission fee.

Why This Matters

The HBRP is designed to give buyers peace of mind in a competitive market, while still offering protection to sellers through the rescission fee. Whether you’re considering buying or selling, it’s important to understand how this law could affect your transaction.

Final Thoughts

Every home purchase or sale comes with important details—from regulations like the Home Buyer Rescission Period to negotiations, contracts, and closing steps. With the right guidance, you can feel confident at every stage.

If you’re planning to buy or sell, I’d be happy to guide you through the process and support you from start to finish.

Nasim Rajaian - Evergreen West Realty

  ☎️ 604-767-6856

📧 nasim.rajaian@gmail.com

🌐 realtornasim.ca

One of the best parts of living in Greater Vancouver is discovering local restaurants that bring people together—and Xin Chào does exactly that. Located in the heart of the city, Xin Chào offers authentic Vietnamese dishes rooted in family tradition, made with care and designed to celebrate community.

 Food at the Heart of Everything

At Xin Chào, food is more than just a meal—it’s about people. Their dishes come from recipes passed down through family, with a philosophy that food has the power to bring everyone together, no matter their culture or background.

The restaurant’s blended-family values are reflected in their menu. They proudly offer:

• Halal options

• Gluten-free dishes

• Vegetarian and vegan choices

This inclusivity ensures that everyone can enjoy a meal full of flavor, and it mirrors the diversity and welcoming spirit of Greater Vancouver itself.

Must-Try Dishes

While every dish is made with care, some favorites include:

• Pho – A rich, aromatic broth that’s perfect for any season.

• Banh Mi – Fresh, flavourful sandwiches with halal or vegetarian fillings.

• Spring Rolls – Light, refreshing, and packed with herbs and vegetables.

• Coconut Coffee - Creamy coconut shake with Vietnamese coffee

Whether you’re enjoying a comforting bowl of pho, a flavorful banh mi, or fresh spring rolls, Xin Chào delivers a truly authentic Vietnamese experience.

More Than a Meal: A Community Experience

The name “Xin Chào” means “hello”, and it perfectly captures the warm, welcoming atmosphere of the restaurant. Just like in a family home, everyone is invited to sit at the table, share a meal, and enjoy the sense of connection that good food creates.

For locals and newcomers alike, restaurants like Xin Chào showcase the vibrant lifestyle that makes Greater Vancouver such a great place to live.

Experience Xin Chào for Yourself

If you’re looking to explore authentic Vietnamese cuisine with halal and vegetarian options, Xin Chào is a must-visit. Come say xin chào and enjoy dishes that come from the heart.

For more information and to see their full menu, visit:  https://www.xinchao.ca/

 Bringing the Community to Your Neighborhood

As a REALTOR® in Greater Vancouver, I love highlighting local businesses like Xin Chào that make our communities so vibrant. If you’re considering a move to the area, I’d be happy to help you find a home near all the hidden gems, delicious restaurants, and welcoming neighborhoods that make life here so special.

Contact me:

• Nasim Rajaian – Evergreen West Realty

• Phone:604-767-6856

• Email nasim.rajaian@gmail.com

• Website: realtornasim.ca