Anti-Money Laundering: Opportunities for Action

Text reading "combatting money laundering in BC real estate" with multicolor background

A public inquiry into money laundering has now been ordered. This has been a media favourite for a long time, and certainly since the reports of Peter German and the Expert Panel on Money Laundering in BC Real Estate were published on May 9. Here’s a quick summary of BCREA’s actions, analysis and how we’re

Standard Forms Reminder

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Changes coming June 13 On June 13, changes to the Assignment of Contract of Purchase and Sale – New Development and Non-Developer and the Privacy Notice and Consent forms will come into effect. While none of the changes will have a significant impact on practice, it’s important for REALTORS® to familiarize themselves with the changes

BCREA’s Government Liaison Days

Group photo of Minister James, BCREA President Michael Trites and BCREA CEO Darlene Hyde at BCREA’s 2019 advocacy conference

Moving the dial on real estate advocacy issues Market housing affordability, anti-money laundering and remediating properties used to produce drugs were the priorities at this year’s Government Liaison (GL) Days, which took place in Victoria at the Hotel Grand Pacific from April 28 to 30. GL Days is BCREA’s key advocacy event that brings together

Real Estate Professions Taking the Lead to Curb Money Laundering

Group photo of Harriet Permut of The Real Estate Board of Greater Vancouver, Darlene Hyde of BCREA, Hon. David Eby, Trevor Hargreaves of BCREA and Christina Dhesi of the Appraisal Institute of Canada -BC Association

Media coverage that captured REALTOR® professionalism On Monday, April 15, 2019, the British Columbia Real Estate (BCREA) headlined the provincial and national news after it released a series of recommendations and best practices to government to help curb money laundering. The recommendations were developed collaboratively with four other organizations: the Real Estate Board of Greater

Death at a Property Revisited #514

A zoomed in photo of caution tape enclosing an area

In 2007, a man was murdered outside the gates of his Shaughnessy home. The murder, described by the police as a targeted killing, remains unsolved. The victim lived in the home with his wife and two children. The property was owned by his mother-in-law, who resided in China. One of his daughters attended a private

Affordability Continues to Weigh on Housing Demand

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

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 14, 2019.The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same month last year. The average

BC’s REALTORS® Welcome Government Recommendations

Wooden cubes spelling out "Real Estate" with magnifying glass beside it

Vancouver, BC – May 13, 2019. The British Columbia Real Estate Association (BCREA) is encouraged by the recommendations set out by the Ministry of Finance’s Expert Panel on Money Laundering led by Maureen Maloney. As the voice of BC’s 23,000 REALTORS®, we appreciate recommendations that will bring more transparency and accountability to all professionals involved

Anti-Money Laundering in Real Estate Sector

Three people on stage with man at microphone giving a presentation

REALTORS® are committed to doing their part to ensure that money laundering has no role in the real estate sector. BCREA has worked with other real estate sector organizations to create a joint statement on money laundering, with shared recommendations to government. Recommendations included that government and regulatory agencies better utilize on-the-ground experience of real

Working to Make Homes More Affordable for British Columbians

Hand with scissors making the word "unaffordable" into "affordable"

In April, delegates from across the province registered for our 2019 Government Liaison Days, arranging meetings with 64 MLAs, including 11 cabinet ministers. Delegates advocated for policy changes to the Speculation and Vacancy Tax and the federal B-20 stress test to improve market housing affordability. The Speculation and Vacancy Tax has struggled to meet its

High Time for Change

Cannabis growing under growth lights in a home

In October 2018, cannabis became legalized across Canada, and in BC individuals are now allowed to legally grow up to four plants per residence. This new legislation change has made it increasingly important for the government to ensure that homes used in drug operations are made safe. There are many potential harms associated with growing