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October Home Sales Highest in Six Years
BCREA reports that MLS® residential sales in the province climbed 115 per cent to 8,624 units in October compared to the same month last year. . . more >>
Market Strength Extends Through 2010
In its Fall 2009 Housing Forecast, BCREA reported that BC Multiple Listing Service® residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per cent to 89,600 units.
Read the full Fall 2009 Housing Forecast for information about how recovery in the BC economy will unfold gradually in 2010 with sales prices in some markets close to record highs and how affordability constraints will limit home price inflation over the next year.
Legally Speaking (October 2009)
Legally Speaking is an essential newsletter, published eight times a year, for all professionals involved in real estate transactions. In this issue:
Features: Mike Mangan - Passing Information Accurately
Read the issue here. For an email subscription to Legally Speaking, click here.
Tax Fairness for Homebuyers
BC homebuyers already carry a heavy tax burden, and the proposed Harmonized Sales Tax will push British Columbians to the brink. On October 16, BCREA suggested several steps the provincial government can take to restore fairness.
Full submission | HST Action page
BC Housing Market Gains Momentum
BCREA reports that MLS® residential sales in the province climbed 68 per cent to 8,576 units in September compared to the same month last year. . . more >>
Q3 Market Trends
The latest data on sales to active listings, average prices and unit sales . . . more>>
NOTE: Mortgage Update has a new name: Mortgage Rate Forecast. Please update any links or short cuts to the forecast you may have previously saved on your computer.
BCREA releases Mortgage Rate Forecast (September 2009)
Prospective homebuyers took advantage of historically low mortgage rates through the summer months, fuelling a rebound in housing activity in BC and across
Canada . . . more >>
New HST
B.C. has just announced a new unfair HST tax that will cost homeowners thousands of dollars. Visit our new HST Action page to find out how you can make a difference.
Read the news release here.
The Bulletin (August 2009)
The Bulletin is BCREA's quarterly newsletter, featuring real estate news from a provincial perspective. In this issue:
- Real Estate Purchase Confidence Improving According to Latest BCREA Survey
- President's Report: Advancing the Field
- Build Your Buyer Representation with New ABR® Course
- Population Significance: People Power and Affordability
- Quality of Life Principles at Work
Read the issue here. For an email subscription to The Bulletin, click here.
New BC Survey Suggests Real Estate Purchase Confidence Improving
A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.
BCREA 2008-2009 Annual Report
Ensuring the continued relevance of REALTORS® in BC. Read the report here.
New BC Real Estate Association President and Board of Directors
BCREA is pleased to announce that John Tillie, a Duncan REALTOR® and former president of the Vancouver Island Real Estate Board, has been elected as its 2009-2010 president.
Read the news release here.
CHBA BC's The Future of Housing Conference
Join CHBA BC in discussing the future of housing as an ongoing economic driver of British Columbia at this upcoming conference. If you are a builder, developer, sales professional, renovator, government official, architect, building official, manufacturer or supplier, then this conference is for you.
New Survey on Affordability and Green Housing Reveals BC Trends
A survey of homeowners and renters across BC suggests that, when it comes to housing, affordability concerns and making smart green choices are top of mind for most BC residents.
Read the news release here.
2009 Speech From the Throne and Provincial Budget
In a letter on February 18, BCREA President Scott Veitch commended Premier Gordon Campbell
for the 2009 Speech From the Throne and provincial budget presented publicly on February 17.
Read the letter here.
Home Inspector Licensing Good for Consumers
BCREA is pleased with the BC Government’s recent announcement to license home inspectors, effective March 31, 2009.
Read the news release here.
Tool Helps Homebuyers Navigate Presales
The Presale Cross Reference List draws attention to important information unique to multifamily residential units under development, also known as presales.
An understanding of the issues specific to presales provides buyers with a starting point to determine whether further enquiries, professional advice or clarification are needed. Buyers unfamiliar with such transactions may need extensive consultation with knowledgeable REALTORS® or other professionals experienced with presale investments.
BCREA, the Canadian Home Builders’ Association of BC and the Urban Development Institute are proud to present the Presale Cross Reference List.
Presale Cross Reference List
News release about the Presale Cross Reference List .
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