BCREA Blog

BCREA Blog

The BCREA Blog is a platform for sharing the latest education news, economics statistics, issues relating to the profession and links to valuable resources for REALTORS®, stakeholders and the public.

    • Real Estate Sector

    Client Incentives for Purchasing an Older Home

    Published Apr 01, 2015
    • Education

    Earn 3 PDP Credits: New Category C Pilot – AREAA Vancouver Annual Summit: Global Connect

    Published Mar 18, 2015
    • Education

    Earn 3 PDP Credits: New Category C Pilot – The Vancouver Real Estate Forum

    Published Feb 24, 2015
    BCREA and its 11 member boards are working together to pilot possible enhancements to the Professional Development Program (PDP). As part of the research into the expansion of Category C to include industry-related events, BC REALTORS® will receive three one-time Category C PDP credits for attending the Vancouver Real Estate Forum on April 9, 2015.
    • Economics

    Implications of Falling Oil Prices for the BC Housing Market

    Published Feb 05, 2015
    The recent dramatic fall in oil prices has far reaching implications across all facets of the Canadian economy. We have already seen a surprise cut in interest rates from the Bank of Canada, with possibly more to come, as well as a deep decline in the Canadian dollar.
    • Education

    Launch of the New Residential Trading Services Applied Practice Course

    Published Feb 03, 2015
    On behalf of the Real Estate Council of British Columbia, BCREA launched the new Residential Trading Services Applied Practice Course this January. Feedback to date indicates that the new course will bring a higher standard of knowledge, practical skills and professionalism to BC licensees.
    • Government Relations

    Disaster Mitigation Funding on the Way

    Published Jan 19, 2015
    • Economics

    Multi-family Housing Expected to Dominate New Home Construction

    Published Dec 11, 2014
    A myriad of factors can impact housing demand. A change in interest rates, the level of employment, wages, taxation and even consumer confidence can have a marked influence on the demand for living space. However, over the long term, population growth is perhaps the most significant indicator of housing demand.
    • Education

    New Applied Practice Courses Resources for Managing Brokers

    Published Nov 25, 2014
    BCREA is pleased to announce that to help bring a higher standard of knowledge, practical skills and professionalism to BC licensees, its new Applied Practice Courses will go live in 2015. To help managing brokers be in the know about these redesigned courses for their new licensees, BCREA has made several resources available.
    • Education

    Earn 3 PDP Credits: New Commercial Category C Pilot - ICSC Whistler Conference

    Published Nov 23, 2014
    • Get to Know BCREA

    Interested in Serving as a BCREA REALTOR® Director?

    Published Nov 10, 2014
    BCREA has opened the call for REALTOR® applicants for three Director positions on the Association’s 2015-2016 Board of Directors.
    • Real Estate Sector

    October is Power Smart Month!

    Published Oct 01, 2014
    October is a great time for REALTORS® to educate their clients on the benefits of purchasing a Power Smart new home or of buying an older home and making energy efficient upgrades.
    • Education

    More Ways to Earn PDP Credits: New Commercial Category C Pilot Announced

    Published Sep 25, 2014
    • Government Relations
    • Practical Points

    REDMA Changes Impact Disclosure, Rescission, Deposits

    Published Sep 17, 2014
    When the financial market crashed in 2008, many buyers who had signed pre-sale contracts before the downturn reconsidered their contracts. This led to several court cases in which the BC courts applied a very strict and very consumer-friendly interpretation of the Real Estate Development Marketing Act (REDMA).
    • Education

    Measuring Success of the New PDP

    Published Aug 19, 2014
    As part of its Professional Development Program (PDP) Launch Change Management Plan, BCREA committed to preparing a launch assessment report, approximately six months after the November 2013 launch of the new program.
    • Economics
    • Statistics

    For Local Housing Markets, One Ratio Does Not Fit All

    Published Jul 25, 2014
    REALTORS®, market analysts and economists frequently describe the housing market as balanced, meaning that the supply of listings and the demand from potential homebuyers is in equilibrium. Measures have been devised over the years as a guidepost for that balance, usually taking the form of the ratio of home sales to new or active listings. The attractiveness of these ratios, in that they are simple to calculate and understand, has meant that analysts often take one-size-fits all type approach when analyzing markets. However, as the popular saying goes, all real estate is local.
    • Education

    New REvia Anti-Spam Course Now Available

    Published Jul 23, 2014
    Canada’s Anti-Spam Legislation came into effect on July 1, 2014, and BCREA is pleased to announce that the new Canada’s Anti-Spam Legislation: Guidance for REALTORS® course is now available. This new course, which is accredited for three Category B Professional Development Program (PDP) credits, will help you stay in the know of your anti-spam requirements.
  • New PDP Category C Industry Pilot Event Announced

    Published May 27, 2014
    • Economics

    Posted Five-Year Mortgage Rate Hits Record Low

    Published May 15, 2014
    History was made in the first half of 2014 as some chartered banks lowered their posted five-year mortgage rate (the qualifying rate for high-ratio mortgage approval) to 4.79 per cent, the first time the five-year posted fixed rate has ever been below 5 per cent.
    • Government Relations

    Flood Mitigation Funding: Good News for 26 Communities (& More Action Needed)

    Published May 02, 2014
    The federal-provincial announcement that 26 flood mitigation projects in BC will receive funding is welcome news. The risk of flooding affects the entire province, and the damage can be widespread and catastrophic. This new funding will help these communities plan ahead.
  • More Ways to Earn PDP Credits: New Category C Expansion Pilot Announced

    Published May 01, 2014