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Buying & Selling

As-Is Sale

What is As-Is Sale in British Columbia?

As of Official source: BCFSA — Consumer Resources · BCFSA — Consumer Resources

General information only — not legal, tax, financial, or real-estate advice. Verify with a licensed BC professional before acting.

An "as-is sale" is a transaction in which the seller makes no representations or warranties about the property's physical condition and will not undertake repairs prior to closing. Such sales frequently arise in foreclosures, court-ordered sales, and estate sales administered under the Wills, Estates and Succession Act (WESA), SBC 2009, c. 13, where the seller may have limited knowledge of the property. A buyer's due diligence — including a professional home inspection and a title search under the Land Title Act, RSBC 1996, c. 250 — remains advisable regardless of as-is terms. Subject clauses related to inspection or financing may be waived or modified by agreement, but this is a matter for the parties to negotiate. Critically, an as-is designation does not extinguish a seller's duty to disclose known material latent defects; that obligation flows from BCFSA standards under the Real Estate Services Act (RESA), SBC 2004, c. 42. Buyers should verify all legal and disclosure obligations with a BC lawyer, notary, or licensed real estate professional before waiving any subject conditions.

Frequently Asked Questions

Does buying a property 'as-is' in BC mean the seller has no obligation to disclose defects?

No. Even in an as-is sale, BC common law and the Real Estate Services Act (RESA) require the seller to disclose known material latent defects—hidden defects that are not discoverable by reasonable inspection and materially affect the property's value or use. An as-is clause does not override this duty to disclose. Verify current disclosure obligations with a BC lawyer or notary before listing or purchasing.

Are as-is sales common in foreclosure or court-ordered sales in BC?

Yes. Foreclosure sales, court-ordered sales under the Land Title Act (RSBC 1996, c. 250) or Wills, Estates and Succession Act (SBC 2009, c. 13), and executor or trustee sales often proceed as-is because the seller (lender, court officer, or executor) typically has limited or no first-hand knowledge of the property's condition. Buyers in these situations are expected to conduct their own inspections and title searches. Verify the nature of any court-ordered sale with a BC lawyer before waiving subjects.

Can I waive the home inspection subject clause in an as-is sale in BC?

Yes, you can waive or modify any subject clause, but it is generally not advisable. The Real Estate Services Act (RESA) and BCFSA Rules require licensees to recommend that buyers obtain professional inspections and independent legal advice. Waiving the inspection subject means you accept the property in its current state with no recourse for hidden defects unless the seller failed to disclose a known material latent defect. Verify with a BC REALTOR® and lawyer before waiving any subject.

Does an as-is sale affect my property transfer tax (PTT) liability in BC?

No. The as-is nature of a sale does not change property transfer tax obligations under the Property Transfer Tax Act (RSBC 1996, c. 378). PTT is calculated on the fair market value or purchase price (whichever is higher) at the applicable rates, regardless of whether repairs are excluded. First-Time Home Buyer and Newly Built Home exemptions apply if statutory criteria are met, subject to current thresholds (as of 2026-07-27 — verify current). Verify exemption eligibility with the BC Ministry of Finance or a BC notary.

If I buy an as-is property and discover mold or structural damage after closing, do I have any recourse in BC?

It depends on whether the seller knew of and failed to disclose the defect. BC common law allows a buyer to sue for fraudulent or negligent misrepresentation if the seller or the seller's agent knew of a material latent defect and did not disclose it. If the defect was patent (visible on reasonable inspection) or the seller genuinely did not know, the as-is clause likely bars a claim. Verify your legal position with a BC lawyer immediately upon discovering the issue.

Are as-is sales exempt from the BC Home Flipping Tax?

No. The Home Flipping Tax Act (SBC 2024, effective January 1, 2025 — verify current) applies to dispositions of residential property in BC held for less than 730 consecutive days (as of 2026-07-27 — verify current), regardless of whether the property was sold as-is. Certain exemptions exist (death, separation, disability, employment relocation, insolvency). Verify current holding period thresholds and exemptions with a licensed tax professional or the BC Ministry of Finance before selling.

Do I still need a lawyer or notary for an as-is sale in BC?

Yes. The Real Estate Services Act (RESA) and BCFSA Rules require licensed real estate professionals to recommend that buyers obtain independent legal advice, especially when waiving or modifying subject clauses. A BC lawyer or notary will review title, prepare or review the Form B Contract of Purchase and Sale, and ensure you understand the legal effect of the as-is clause. This step is critical in as-is transactions to confirm there are no title defects or undisclosed encumbrances.

Can a strata corporation in BC sell a strata lot as-is, or does the Strata Property Act impose disclosure obligations?

A strata corporation does not typically sell individual strata lots; individual owners do. Under the Strata Property Act (SBC 1998, c. 43), the strata corporation must provide a Form B Information Certificate disclosing certain facts (bylaws, rules, financials, special levies) when requested by a buyer. The seller of a strata lot still owes the duty to disclose known material latent defects, even in an as-is sale. Verify current Form B requirements and disclosure duties with a BC lawyer or notary.

Does the federal foreign buyer ban apply to as-is sales in BC?

Yes. The Prohibition on the Purchase of Residential Property by Non-Canadians Act (SC 2022, c. 10) prohibits most non-Canadians and foreign commercial enterprises from purchasing residential property in Canada, including BC, regardless of the property's condition or whether the sale is as-is. The prohibition is currently extended through January 1, 2027 (as of 2026-07-27 — verify current). Verify current exceptions and status with a BC lawyer or the Government of Canada before any non-Canadian purchaser enters a contract.

If I am an executor selling an estate property as-is in BC, do I still have disclosure obligations?

Generally, an executor or personal representative under the Wills, Estates and Succession Act (SBC 2009, c. 13) has a duty to act honestly and in good faith, but typically has limited first-hand knowledge of the property and may sell as-is. The executor must disclose known material latent defects actually known to the estate, but is not expected to warrant the property's condition. Verify the executor's specific duties and liability protection with a BC lawyer experienced in estate administration before listing the property.

Authoritative Sources

Verify the specific statutory language, thresholds, deadlines and current guidance directly with the governing authority:

Related BC Real Estate Terms — Buying & Selling
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Doug LeMaire, REALTOR®
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Doug LeMaire, REALTOR®
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