This is a reminder that The Remembrance Day Act specifically prohibits the selling or renting of real estate, or offering of real estate for sale or rent, during the 24-hour period of November 11 each year. Real estate firms must not be open for business on Remembrance Day. No contracts for offering (listing), purchasing or selling, or renting should be entered into on Remembrance Day. Furthermore, because showing real estate or having an open house on that day would be considered the offering of real estate for sale, no showings or open houses should be conducted on Remembrance Day. The legislation calls for fines of up to $10,000 for a first offence and up to $50,000 for a second offence. Additionally, Article 18 of The REALTOR® Code states that the business of a REALTOR® shall be conducted in strict accordance with all statutory and regulatory requirements.
This is also a reminder that section 54(4) of The Condominium Act states that if the last day on which a cancellation right may be exercised expires on Remembrance Day, the period during which the cancellation right may be exercised is extended to include the next day after Remembrance Day. In effect, it’s an 8-day cooling off period, but only when the expiry of the cooling off period happens to land on November 11th.
The words found in the preamble of The Remembrance Day Act encourages us to pause on November 11th to “pay grateful tribute to the memory of those who have died, cherish those who have suffered grievous injury, and dedicate ourselves anew to the maintenance and furtherance of the great ideals hallowed by those sacrifices”.