What Is a “Material Fact” Under the REDMA: British Columbia Supreme Court Puts Onus on Purchasers
The last issue of Real Estate MATTERS (Vol. 3, Issue 1) addressed the recent British Columbia Supreme Court (BCSC) decision in Bosa Properties (Edgemont) Inc. v. Ban. In that case, the BCSC held that the acceleration of a completion date did not necessarily constitute a "material fact" under the Real Estate Development Marketing Act requiring the filing and delivery of a disclosure statement amendment.



