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Get to Know BCREA Government Relations: The Voice of BC’s REALTORS®
BCREA’s Government Relations team works with all levels of government to advocate for public policy relating to the real estate industry and real estate practice to ensure BC REALTORS® are heard.
Posted Jan 17, 2022
by Pearl Zhou
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Housing Market Update – January 2022
Watch BCREA Chief Economist Brendon Ogmundson discuss the December 2021 statistics.
Posted Jan 14, 2022
by Brendon Ogmundson
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Latest Tutorial Videos for REALTORS® Explore Five Standard Forms
In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore five key standard forms. These tutorial videos are intended to help Realtors better understand and use these forms in practice.
Posted Jan 13, 2022
by Harveen Dhaliwal
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A Record Year for the BC Housing Market
The British Columbia Real Estate Association reports that a record 124,854 residential unit sales were recorded by the MLS® in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020.
Posted Jan 12, 2022
by Brendon Ogmundson
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Has Your Brokerage Re-Activated Their COVID-19 Safety Plan?
On January 7, BC’s Provincial Health Officer announced that employers are required to re-activate their COVID-19 Safety Plans.
Posted Jan 11, 2022
by Mackenzie Smith
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BCREA Nowcast
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for October 2021 is 5.2 per cent.
Posted Jan 05, 2022
by Brendon Ogmundson
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UPDATE: BC Imposes New Social Restrictions With COVID-19 Cases Rising
New restrictions on indoor personal gatherings and events take effect on December 20. REALTORS® are again encouraged to prioritize the health and safety of the public throughout the course of their work.
Posted Dec 22, 2021
by Shaheed Devji
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November Home Sales Lead to New Annual Record in BC
The British Columbia Real Estate Association reports that a total of 9,159 residential unit sales were recorded by the MLS® in November 2021, a decrease of 3.4 per cent from November 2020.
Posted Dec 15, 2021
by Brendon Ogmundson
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Eight New Education Courses Released in 2021
Ensure you’re up to date with your professional requirements by catching up with BCREA’s accredited education offerings. Whether you’re a new Realtor or a managing broker, there’s a course suitable for your needs.
Posted Dec 14, 2021
by Pearl Zhou
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2021 Advocacy Year-In-Review
This year was full of significant changes for the real estate sector in BC. Here’s a recap of significant actions and interventions by the BC Government this year.
Posted Dec 13, 2021
by Matt Mayers
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Deal With Strata Properties? Learn More About the Expiring Speculation and Vacancy Tax Exemption for Strata Owners
The SVT is an annual tax based on how owners use residential properties in major urban areas of BC. Strata owners should be aware that they may be required to pay the SVT in 2022 if their property is unoccupied.
Posted Dec 07, 2021
by Matt Mayers
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Mortgage Rate Forecast
A lot has changed in the Canadian mortgage market in a very short period of time. We expect the Bank will raise its overnight rate two times next year, followed by quarterly increases in 2023.
Posted Dec 07, 2021
by Brendon Ogmundson
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“Cooling Off Period” With No Details Creates Uncertainty and Concern in Real Estate Sector
The BC Government’s recent announcement introducing a “cooling off period” has resulted in significant confusion and uncertainty both within the sector and amongst the public.
Posted Dec 06, 2021
by Shaheed Devji
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Introducing InFormBot, BCREA’s Latest Standard Forms Digital Tool
InFormBot is a chatbot-like program that provides Realtors with an overview of standard forms to use during every transaction stage.
Posted Dec 01, 2021
by Pearl Zhou
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Commercial Leading Indicator Dips in Third Quarter 2021
The BCREA Commercial Leading Indicator fell from 155.4 to 150.9 in the third quarter of 2021, representing the first decline since the economy began recovering from the COVID-19-induced recession.
Posted Nov 29, 2021
by Ryan McLaughlin
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The Increasing Cost of Misconduct (#544)
A review of the most recent discipline decisions of the BC Financial Services Authority suggests that we will start to see the impact of these increased penalty limits.
Posted Nov 25, 2021
by Brian Taylor
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PODCAST: Cooling Off Periods and Other Interventions – Will They Work? (November 2021)
This special episode features three guests who help us get a better understanding of the BC Government’s recent announcement introducing consumer protections measures for real estate transactions in BC.
Posted Nov 25, 2021
by Shaheed Devji
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Land Owner Transparency Registry Filing Extended to 2022
The Land Owner Transparency Registry filing deadline has been extended to November 2022. This extension gives reporting bodies with interests in land more time to file a transparency report.
Posted Nov 25, 2021
by Pearl Zhou
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UPDATE: COVID-19 Recovery Dashboard
The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery.
Posted Nov 25, 2021
by Ryan McLaughlin
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What is “Blind Bidding?” An Introduction for REALTORS®
As a result of highly competitive market conditions and escalating housing prices, BC’s real estate regulator, BCFSA, is developing a consultation on blind bidding.
Posted Nov 24, 2021
by Matt Mayers
by Pearl Zhou 
