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

| February 26, 2020
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

| February 26, 2020

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

| February 25, 2020
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

| February 25, 2020
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

| February 25, 2020
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

| February 21, 2020

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

| February 19, 2020

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, …

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

| February 13, 2020

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 …

BC Housing Markets Off to a Strong Start in 2020

| February 13, 2020

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January …

Three Tips for Managing REALTOR® Risk from Leslie Howatt of E&O

| February 12, 2020
Leslie Howatt from Errors and Omissions Insurance Corporation talking in front of a microphone during the BCREA podcast recording

Whether it’s home insurance for homeowners, life insurance for families, or business insurance for business owners, insurance is a big part of life. Former international soccer star David Beckham reportedly had his legs insured for 195 million dollars. And it makes sense – if you’ve got something you value, you protect it. But Beckham’s protection …

Best Practices for Do-Not-Call Lists

| February 6, 2020

Lead generation is an important part of a REALTOR®‘s work but there are some risks too, especially when it comes to telemarketing. REALTORS® and brokerages need to understand their role in protecting consumer privacy before picking up the phone – and it starts with the national Do-Not-Call List. What’s the national Do-Not-Call List? The Canadian …

5 Things REALTORS® Can Learn from Uber

| February 4, 2020

By Victor Khong, REALTOR® Uber has finally arrived in BC! While it may appear to be an industry disruptor, what it really offers is as old as time: exceptional customer service. Here are five things REALTORS® can learn from this so-called industry disruptor: 1. Provide timely communication – Part of the appeal of Uber is …

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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