Vancouver, BC – March 26, 2019. The British Columbia Real Estate Association (BCREA) is pleased to announce that Fraser Valley REALTOR® Michael Trites was elected as its 2019-2020 President at its annual general meeting on March 26, 2019. “Working in organized real estate has always been a rewarding experience,” says Michael Trites. “In 2018, there …
Strata age restriction bylaws are alive and well. When providing any accommodation, service or facility customarily available to the public, the provincial Human Rights Code normally prohibits one person from discriminating against another because of the other person’s age or family status, unless there is a bona fide, reasonable justification.1 But, the Strata Property Act …
Vancouver, BC – March 20, 2019. The British Columbia Real Estate Association (BCREA) is pleased with the measures announced in Budget 2019 that will help address housing affordability in British Columbia. REALTORS® in BC recognize that home ownership is a difficult goal to achieve for many British Columbians, and the policies announced in this budget …
For the complete news release, including detailed statistics, click here. Vancouver, BC – March 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year. The …
Vancouver, BC – March 12, 2019. The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of …
Understanding who pays the Speculation and Vacancy Tax in a transaction REALTORS® don’t have to worry about including a clause in a contract of purchase and sale that specifies that a buyer won’t be held liable for the Speculation and Vacancy Tax (SVT). Here’s why: When a buyer purchases a residential property, they will either …
BCREA would like to give a warm welcome to our new Vice President of Government Relations and Stakeholder Engagement, Trevor Hargreaves! Trevor brings a wealth of knowledge to our Government Relations department, with wide-ranging experience in government and public relations and strategic communications, all necessary components to successful advocacy. A seasoned pro in the Government …
If you’re looking to reduce errors and omissions when it comes to completing FINTRAC individual identification and receipt of funds forms, you might want to check out the FINTRACKER™ app created by Forward Form Solutions Inc. The app is meant as a digital FINTRAC reporting solution for real estate professional to help reduce human error, …
The extent of money laundering in BC is unclear, but two provincial government reviews should help provide more information and the basis for effective action. REALTORS® definitely support efforts to keep the proceeds of crime out of the real estate market. For many years, REALTORS® have been among many professionals subject to federal anti-money laundering …
Budget 2019 introduced few changes for real estate, but four new developments caught BCREA’s attention: Taxation clarityWhen the budget bill receives Royal Assent clarifying changes will be made to the following statutes: Property Transfer Tax Act, Taxation (Rural Area) Act and Income Tax Act around information sharing among these statutes, and Speculation and Vacancy Tax Act to exempt …
The provincial government’s CleanBC plan has substantial impacts on homeowners through rebates and incentives, free energy coaching, new standards for building upgrades and exploring an energy rating requirement. Introduced in late 2018, the plan aims to help the province achieve its goal of cutting greenhouse gas emissions by 40 per cent by 2030. BC Budget …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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