Cancellation rights of purchaser

(1) A purchaser shall have the right to cancel the sales agreement at anytime within three days following the date of its execution by the purchaser. (2) Any sales agreement making provision for the waiver of a purchaser’s rights under subsection (1) of this section, shall be void. (3) A developer shall, prior to the execution of a sales agreement by the purchaser, deliver to the purchaser, in electronic form or otherwise, a form of notice for the exercise of the right to cancel the sales agreement. (4) A developer who fails to comply with subsection (3) of this section, commits an offence and shall be liable on summary conviction to a fine of two thousand dollars or to imprisonment for a term not exceeding six months. 26