What is the test for "buyer beware" in real estate transactions?

16. The principle of “buyer beware” applies to real estate transactions, and a buyer is expected to make reasonable inquiries about, and conduct a reasonable inspection of, a property. Unless a seller breaches the contract, commits fraud, or fails to disclose a latent defect that cannot be discovered by reasonable inspection, a buyer assumes the risks for any defects in the condition or quality of the property (see, for example, Nixon v. MacIver, 2016 BCCA 8).

17. A latent defect is one which cannot be readily discovered through a reasonable inspection of the property, including one which renders the property dangerous or unfit for habitation. A patent defect is one that can be discovered by conducting a reasonable inspection and making inquiries about the property (see, for example, Cardwell v. Perthen, 2006 BCSC 333, affirmed 2007 BCCA 313).