The CBABC Real Estate Committee responded to the BC Real Estate Association’s proposed changes to the Standard Form Contracts of Purchase and Sale. In particular, the committee recommended amendments to specify that GST be included in the purchase price.
CBABC and BCREA hold joint copyright over the Standard Form Contracts of Purchase and Sale and related documents which are available free of charge to CBA members.
The CBABC Real Estate Committee reviews the contracts annually to bring recommendations forward to discuss with BCREA. Amended forms will be released in November.
Questions? Email us at advocacy@cbabc.org