Changes to B.C.’s consumer protection laws are in effect,

some positive change on consumer protection in Aug 2027

• Free monthly access to credit report and score (currently there's often a fee for the score specifically). check your score monthly for free, catch errors early, and fix them before they hit underwriting instead of discovering a problem mid-application.

• Free credit freezes and security alerts. You can lock down credit file when you're not actively shopping for financing, then unfreeze it when they're ready to apply — reduces the risk of a fraudulent account or hard inquiry showing up right before a mortgage application and dragging down credit score and affect mortgage application

• New accuracy/transparency rules for credit reporting agencies and lenders aimed at making it harder for fraudsters to open credit or loans in someone's name — protects the integrity of a borrower's credit profile heading into underwriting.

How this help you as a borrower when it comes to mortgage financing?

Check it regularly, catch errors early, and fix them before they show up before your next mortgage underwriting.

source: https://news.gov.bc.ca/releases/2026AG0057-000915