Commercial Activity Declined in 2019 Q4

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) fell for the second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0.3 per cent. Provincial economic activity continued to slow in the fourth quarter

PODCAST: Episode 2 – The Changing Landscape of Strata Insurance in BC

Open House by BCREA logo

[div id=”buzzsprout-player-2854297″][/div] [script src=”https://www.buzzsprout.com/831562/2854297-the-changing-landscape-of-strata-insurance-in-bc.js?container_id=buzzsprout-player-2854297&player=small” type=”text/javascript” charset=”utf-8″][/script] Open House by BCREA is a monthly podcast where REALTORS® will find the latest real estate news and feature conversations with experts on issues related to real estate practice in BC. Learn more about the show here. Episode 2, The Changing Landscape of Strata Insurance in BC, features a

BCREA Calls for Increased Federal/Provincial Cooperation to Tackle Money Laundering in BC

Vancouver, BC – February 26, 2020. Today, the BC Real Estate Association makes our opening statement to the Cullen Commission of Inquiry into Money Laundering in British Columbia. “We are committed to working with government to better understand this issue and address any pre-existing vulnerabilities within our sector,” says BCREA CEO Darlene Hyde. “It is our hope

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,