British Columbia Real Estate Association

Practice Tips Auckland’s Housing Supply Experiment: What Does it Mean for British Columbia’s Homes for People Plan?

by Brendon Ogmundson
September 26,2023

Professional Development Updated Professional Development Course — Economics for REALTORS®: Why You Should Incorporate Economics into Your Practice

by Ivonne García September 25, 2023

Practice Tips Advocating for Improved Housing Attainability at 2023 Union of BC Municipalities Convention

by Brenna Friesen September 28, 2023

Buying a property is the biggest financial decision most of us will ever make. That’s why BCREA ensures REALTORS^® have the tools to help you make the decision with confidence. From advocacy promoting affordability to professional development, from in-depth economic analysis to standardized legal forms, we support REALTORS^®.

So they can support you.

Learn more.

The Home Buyer Rescission Period (HBRP)

The Home Buyer Rescission Period (HBRP) was implemented province-wide on January 3, 2023. To learn more about HBRP and what this means for REALTORS®, follow the link below (BCREA Access login required).

Learn more

REGISTER NOW!

Managing Brokers’ Conference

Attend BCREA’s Managing Brokers’ Conference from November 8-9, 2023, to immerse yourself in an unparalleled conference experience designed to refine your skills, broaden your knowledge, and foster connections with industry leaders who share an unwavering commitment to excellence.

Find Out More.

INDUSTRY INSIGHTS

Economics

BCREA Nowcast

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July is 1.2 per cent.

Tags: Gross Domestic Product (GDP) Nowcast
Posted Sep 29, 2023
by Brendon Ogmundson
Advocacy

BCREA and Member Board Delegates Advocate for Improved Housing Attainability at 2023 Union of BC Municipalities Convention

Throughout the event, BCREA’s delegates strongly advocated for greater housing attainability, and distributed a brief to elected officials containing two recommendations.

Tags: Homes for People Plan Housing Affordability Housing Attainability Housing Supply Local Government Union of BC Municipalities (UBCM)
Posted Sep 28, 2023
by Brenna Friesen
Economics

Housing Monitor Dashboard

The BCREA Economics team has created the Housing Monitor Dashboard to help REALTORS® monitor BC’s housing market.

Tags: BC Economy Economic Recovery Housing Monitor Dashboard
Posted Sep 26, 2023
by Ryan McLaughlin
Economics

Auckland’s Housing Supply Experiment: What Does it Mean for British Columbia’s Homes for People Plan?

In this market intelligence, we take the example of Auckland as indicative of what a policy of aggressive housing liberalization and upzoning could achieve in the BC housing market.

Tags: Housing Market Housing Policy Housing Supply Market Intelligence
Posted Sep 26, 2023
by Brendon Ogmundson
Professional Development

Updated Professional Development Course — Economics for REALTORS®: Why You Should Incorporate Economics into Your Practice

BCREA’s Economics for REALTORS®: How to Apply Economic Data and Trends to Help Your Clients course has been updated with fresh, updated graphs and information

Tags: Economics for REALTORS® Professional Development Program
Posted Sep 25, 2023
by Ivonne García
Economics

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.

Tags: Mortgage Rate Forecast
Posted Sep 21, 2023
by Brendon Ogmundson
Economics

Housing Market Update – September 2023

Watch BCREA Economist Brendon Ogmundson discuss the August 2023 statistics.

Tags: BC Economy Housing Market
Posted Sep 15, 2023
by Brendon Ogmundson
Economics

Sales Trend Slightly Lower in August

BCREA reports that a total of 6,608 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in August 2023, an increase of 15.7 per cent from August 2022.

Tags: Multiple Listing Service (MLS®) Statistical Releases
Posted Sep 13, 2023
by Brendon Ogmundson
Economics

Commercial Leading Jumps in Second Quarter 2023

In the second quarter of 2023, the BCREA Commercial Leading Indicator (CLI) rose 0.6 points to 147, and the six-month moving average fell to 147.

Tags: Commercial Leading Indicator Commercial Real Estate
Posted Sep 06, 2023
by Ryan McLaughlin
Legally Speaking

Beware of Heritage or Archaeological Issues #564

REALTORS® must advise their clients on considering the potential presence of archaeological features before purchasing a property for development.

Tags: Archaeological Sites Heritage Conservation Act Heritage Designation Heritage Sites Zoning
Posted Sep 04, 2023
by Oana Hyatt
BCREA

CREA Changing National Login System

CREA’s National Login System is getting an upgrade for a better user experience and increased security on September 26. Learn more about the changes and what you need to do.

Tags: BCREA Access Canadian Real Estate Association (CREA) Multiple Listing Service (MLS®)
Posted Aug 29, 2023
by Ivonne García
Economics

BCREA 2023 Third Quarter Housing Forecast Update: BC Housing Market Resilient Despite High Rates

In its 2023 Third Quarter Housing Forecast Update, BCREA forecasts MLS® residential sales are forecast to post a modest rebound, rising 6.1 per cent

Tags: Housing Forecast
Posted Aug 29, 2023
by Brendon Ogmundson
BCREA

Sponsor BCREA Managing Brokers’ Conference

Be a partner of the real estate industry’s premier event and connect with 300+ managing brokers from across British Columbia and beyond.

Tags: BCREA Managing Brokers’ Conference Sponsorship Opportunities
Posted Aug 17, 2023
by Morgan Guo
Economics

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.

Tags: BC Home Sales Markets at a Glance
Posted Aug 10, 2023
by Ryan McLaughlin
Economics

Bank of Canada Upends Summer Sales Recovery

BCREA reports that a total of 7,103 residential unit sales were recorded in MLS® systems in July 2023, an increase of 25.9 per cent from July 2022.

Tags: Multiple Listing Service (MLS®) Statistical Releases
Posted Aug 10, 2023
by Brendon Ogmundson
Practice Tips

Resources to Help REALTORS® and Your Clients Navigate Extreme Climate

Be prepared for unexpected wildfires and flooding this season.

Tags: Climate Change Preparedness Flood Protection Flood Risks Floodplain Mapping Wildfires
Posted Jul 31, 2023
by Ivonne García
Legally Speaking

Revocation of Offers #563

Revocation involves withdrawing an offer before a binding contract is formed, bringing legal risks for REALTORS®. It’s crucial to seek guidance from your managing broker and ensure your client seeks legal advice.

Tags: Communication Contract of Purchase and Sale Counter-offers Liability Offer Revocation of Offer
Posted Jul 31, 2023
by Peter Borszcz
Economics

Strong Start to the Summer, But Higher Interest Rates Loom

BCREA reports that a total of 8,740 residential unit sales were recorded in MLS® systems in June 2023, an increase of 21.9 per cent from June 2022.

Tags: Multiple Listing Service (MLS®) Statistical Releases
Posted Jul 13, 2023
by Brendon Ogmundson

BCREA Podcast

Open House by BCREA

Open House by BCREA is a monthly podcast where REALTORS^® in BC will find the latest real estate news, and feature conversations with experts on issues related to real estate practice.

Subscribe on your favourite podcast app, including Apple Podcasts, Google Podcasts, Spotify, Stitcher, and TuneIn.

Listen Now.

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Managing Brokers’ Conference

INDUSTRY INSIGHTS

BCREA Podcast

Open House by BCREA

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