The BCREA is the professional association for more than 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

June 15 Rule Changes

Legally Speaking (April 2018)

Legally Speaking is an essential newsletter, published eight times a year, for all professionals involved in real estate transactions. In this issue:
Features: Brian Taylor - Timing is Everything

Read the issue here. For an email subscription to Legally Speaking, click here.

Real Estate Regulatory Redesign

On April 18, the BC Government announced a review of BC’s real estate regulatory system, with recommendations to Minister of Finance Carole James by June 15, 2018. BCREA supports this review. Read our position here. 2016-10_article-1

Current Regulatory System

Here’s a description of BC’s current real estate regulatory system. Click on the thumbnail for a larger image.

Housing Market Update Video Webcast (April 2018) 

Watch BCREA Chief Economist Cameron Muir discuss the March 2018 statistics:

Policy Induced Demand Slide Does Little to Impact Supply

BCREA reports that a total of 7,409 residential unit sales were recorded by the MLS® across the province in March, a 24.6 per cent decrease from the same month last year. . . more >>

BCREA Market Intelligence Report: Careful What You Wish For: The Economic Fallout of Housing Price Shocks (April 2018)

Highlights of the report include the desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush.

Read the full report here

Statement – Speculation Tax: Clarity Appreciated; More Needed

BCREA was pleased to see more details of the proposed speculation tax. Refinement of the areas of the province where the tax applies and the introduction of different rates for different owners indicate a more strategic approach, and provide greater certainty. . .more >>