BC Home Sales Continue at Slower Pace

BCREA logo on blue background and text below reading "Statistical Release"

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year.

Strata Termination #509

An apartment building that is brick on its lower half and white on its top half

Where strata owners choose to terminate their strata development, two recent cases clarify when a strata council might list the project for sale or contract to sell it to a buyer.1 Many of our earliest strata developments are roughly 50 years old. An aging strata building may need so much remedial work that it is

CREA announces new WEBForms® service provider

Laptop screen showing Lone Wolf Technologies and CREA WEBForms logos

In November, the Canadian Real Estate Association (CREA) announced it will be transitioning to a new service provider for CREA WebForms® in 2019. The new CREA WEBForms® will be powered by the leading transaction management platform TransactionDesk® by Lone Wolf Technologies. The Fraser Valley Real Estate Board (FVREB) first developed WEBForms and sold it to CREA in

It’s Time to Say Goodbye: Ending an Agency Agreement Before It Expires

Hands pulling apart two halves of a torn paper heart

Relationships change – whether it’s between friends, family or a REALTOR® and a client. Sometimes, relationships come to a natural conclusion, like when a REALTOR® helps a client buy a home, meaning that terms of the Exclusive Buyer’s Agency Agreement have been met. The British Columbia Real Estate Association (BCREA) provides REALTORS® and their clients

Changes to Improve Transparency Within Real Estate Transactions

Modern town houses of brick and glass on urban street

In an effort to make BC’s real estate industry more transparent, the Office of the Superintendent of Real Estate (OSRE) has introduced additional disclosure statement requirements regarding assignments of strata purchase agreements. While these changes are targeted at developers who market strata lots in developments properties, it’s important for REALTORS® who are involved in the

Meet the new BCREA: the voice of BC’s REALTORS®

BCREA logo

On November 19, BCREA introduced its new brand identity, complete with a new logo, colour palette and approach to communicating with real estate boards and REALTORS®. “It was the right time to rebrand,” said Darlene Hyde, Chief Executive Officer of British Columbia Real Estate Association. “First, REALTORS® and real estate boards have been telling us