Regional Sub-Market Data Now Available from BCREA Economics

Expanding on the many resources offered by BCREA Economics, regional sub-market data is now available! In Focus: Regional Sub-Markets provides BC’s real estate boards and REALTORS® with local market data, in the form of at-a-glance charts, that can be easily shared with clients or posted to social media with the click of a button. These

In Focus: Regional Sub-Markets

In Focus: Regional Sub-Markets provides BC’s real estate boards and REALTORS® with regional sub-market data, in the form of at-a-glance charts. These charts provide information on average prices and sales in the province’s 11 real estate board areas and regional sub-markets for different housing types (single detached, apartments and townhouses). They also provide a comparison

BC Government Presents Stay-The-Course Budget

Minister Carole James delivers the 2020 Budget to stakeholders and journalists.

BC’s Budget 2020 offers some new investments to assist homeowners and their communities, but falls short of substantial changes to improve housing affordability. We’re pleased by the promise of an additional $419 million investment over three years to support CleanBC for home and workplace electric vehicle charging stations and new pilot programs to further reduce

Changes to Stress Test Mean Good News for British Columbians

Canada's Parliament Hill and Parliament Buildings, the seat of the federal government of Canada, taken from the back side of the building

The advocacy of BCREA and other stakeholders has resulted in the Federal Minister of Finance Bill Morneau announcing changes to the mortgage stress test. The stress test is used to determine the minimum qualifying rate for mortgages. The new benchmark rate will be the weekly median five-year fixed insured mortgage rate from mortgage insured applications,

Strata Insurance: Action from BCREA

Insurance agent complete wooden model of the house with last piece with text insurance.

Many strata owners are facing significant increases in insurance premiums and deductibles. While the word “crisis” is used often in media articles, BCREA believes long-term government policy changes should be made very carefully and with as much information as possible. There are about 30,000 strata corporations in BC and at least one-quarter of the population

New Online Course Helps REALTORS® Expand Reach to Rural Areas

Rural Real Estate Essentials is a new online course offered by BCREA, aimed to help BC REALTORS® expand their reach to rural areas. Promoting knowledge and business growth, the new course provides REALTORS® with foundational knowledge on rural real estate and helps reinforce and enhance the knowledge of REALTORS® already practicing in these areas. Special

BCREA Welcomes Change to Stress Test

Vancouver, BC – February 19, 2020. As the voice of BC’s 23,000 REALTORS®, the British Columbia Real Estate Association (BCREA) welcomes Minister of Finance Bill Morneau’s announcement of changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test”. Minister Morneau announced that as of April 6,

Housing Market Update – February 2020

Watch BCREA Chief Economist Brendon Ogmundson discuss the January 2020 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/YmWmXG91AXs” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] To subscribe to receive BCREA publications such as this

Call for Letters of Interest – Appointee to the BCREA Finance and Audit Committee

The BC Real Estate Association (BCREA) Board of Directors (Board) is seeking to appoint a Finance Specialist to the BCREA Finance and Audit Committee. The successful applicant requires an accounting designation (CPA) and relevant financial management experience. This appointment term would commence May 1, 2020. About British Columbia Real Estate Association BCREA is the professional