As home sales in the province continue on a dizzying trajectory, the province's real estate watchdog and regulator are warning buyers to be wary of what they may be getting into. The Real Estate Council of B.C. (RECBC) and the Office of the Superintendent of Real Estate said that in the first three months of 2021, they have seen an increase in inquiries and complaints. There are potential risks at the best of times, but with the added pressure and stress of the current market conditions, those risks are amplified," Micheal Noseworthy, superintendent of real estate, said in a statement. Erin Seeley, the CEO of the council, is warning buyers to do their research and be aware of risks before making an offer.

Source: CBC News April 11, 2021 21:58 UTC