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Markets at a Glance
These charts provide year-to-date information on the pace of MLS® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales.
Posted Mar 18, 2024
by Ryan McLaughlin
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Housing Market Update – March 2024
Watch BCREA Chief Economist Brendon Ogmundson discuss the February 2024 statistics.
Posted Mar 18, 2024
by Brendon Ogmundson
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Provincial Housing Market Relatively Calm Heading into Spring
BCREA reports that a total of 5,497 residential unit sales were recorded in MLS® systems in February 2024, an increase of 15.3 per cent from February 2023.
Posted Mar 13, 2024
by Brendon Ogmundson
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More Trouble Than It Is Worth – Analyzing the Impacts and Consequences of the Provincial Flipping Tax
In this Market Intelligence, we will look at the potential impact of this policy on the BC housing market and draw out some of its potential consequences.
Posted Mar 07, 2024
by Brendon Ogmundson
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From Foundation to Finish – Understanding the Nuances of Owner-Built Homes for REALTORS® #570
Understanding the nuances of purchasing newly built homes from developers, residential builders, or owner-builders is crucial for both buyers and REALTORS®.
Posted Mar 05, 2024
by Oana Hyatt
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Commercial Leading Indicator Jumps in Fourth Quarter 2023
In the fourth quarter, the BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 , and the six-month moving average rose to 147.4
Posted Mar 01, 2024
by Ryan McLaughlin
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BCREA Nowcast
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for December is 2.1 per cent.
Posted Feb 29, 2024
by Brendon Ogmundson
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BC Government Announces New Housing Measures in 2024 Budget
Finance Minister Katrine Conroy unveiled the government’s Budget 2024, featuring new housing measures such as the BC Home Flipping Tax and various property transfer tax exemptions.
Posted Feb 27, 2024
by Brenna Friesen
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Housing Monitor Dashboard
The BCREA Economics team has created the Housing Monitor Dashboard to help REALTORS® monitor BC’s housing market.
Posted Feb 26, 2024
by Ryan McLaughlin
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New BCREA Course Dives Into Best Practices When Interacting With Powers of Attorney and Executors
BCREA’s new course, Navigating Transactions Involving Powers of Attorney and Executors, guides learners through the knowledge to proficiently manage transactions involving powers of attorney and executors.
Posted Feb 13, 2024
by Kate Case
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Housing Market Activity Picks Up to Start 2024
BCREA reports that a total of 3,979 residential unit sales were recorded in MLS® systems in January 2024, an increase of 29.4 per cent from January 2023.
Posted Feb 13, 2024
by Brendon Ogmundson
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Under the Covers (of Snow) – Winter Real Estate Transaction Considerations #569
Real estate deals occur around the clock throughout the year. Yet, when transactions take place in the winter, both buyers and sellers, along with their REALTORS®, need to think about a few extra things.
Posted Feb 06, 2024
by Amy Peck
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New BCREA Course Unveils the Essentials of Real Estate Disclosures
BCREA is launching the Introduction to Disclosures in Real Estate course, covering the intricacies of mandatory disclosure requirements set forth by common law, statute law, and professional industry standards.
Posted Feb 01, 2024
by Ivonne García
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BCREA 2024 First Quarter Housing Forecast Update: BC Housing Market Set to Rebound Amidst Changing Interest Rate Environment
MLS® residential sales in BC are forecast to increase 7.8 per cent to 78,775 units this year.
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The 2023 Housing Market was Defined by High Rates and Slow Sales
BCREA reports that 73,109 residential unit sales were recorded by MLS® in 2023, a 9.2 per cent decline from 80,506 units sold in 2022.
Posted Jan 15, 2024
by Brendon Ogmundson
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Powers of Attorney: A Minefield for REALTORS® #568
REALTORS® should exercise extreme caution when dealing with clients using powers of attorney for real estate transactions.
Posted Jan 09, 2024
by Jude Chow
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2024 BC Property Assessments
The 2024 BC Property Assessments are now available online through BC Assessment, and homeowners can expect to receive their notices in the mail by the end of January 2024.
Posted Jan 04, 2024
by Ivonne García
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Mortgage Rate Forecast
Mixed data has led to uncertainty about the economy’s direction, which has expressed itself as significant volatility in bond yields as financial markets grasp for clues on future monetary policy decisions.
Posted Dec 13, 2023
by Brendon Ogmundson