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Superintendent of Real Estate Issues Amended Policy Statement 17
The Superintendent of Real Estate recognizes the ongoing economic hardship facing consumers and developers alike as a result of the COVID-19 pandemic. Data indicates that it may take longer in the current environment to successfully market developments and obtain the required building permits and financing commitments to construct housing for British Columbians.
To further support consumers interested in acquiring homes and the development community in completing developments, the Superintendent has amended Policy Statement 17 to extend its effect until April 30, 2021. Under amended Policy Statement 17, development property marketed under a disclosure statement filed under the Real Estate Development Marketing Act (REDMA) from April 17, 2020 to April 30, 2021 can be marketed for a 12-month period if the disclosure includes applicable extended dates as required by amended Policy Statement 17.
For more information about amended Policy Statement 17, please see:
