Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights COVID-19 sends interest rates plummeting Canadian recession unavoidable Bank of Canada cutting rates, but how low? Mortgage Rate Outlook The growing fears of the potential impact of COVID-19 resulted in a full market meltdown in late February, sending equity markets into free fall and global

PODCAST: Episode 3 – The Impact of COVID-19 on REALTORS®

Open House by BCREA logo

[div id=”buzzsprout-player-3136519″][/div] [script src=”https://www.buzzsprout.com/831562/3136519-the-impact-of-covid-19-on-realtors.js?container_id=buzzsprout-player-3136519&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 3, The Impact of COVID-19 on REALTORS®, features conversations with BCREA

Three Ways to Virtually Show a Property During COVID-19

Realtors can get creative to continue to show properties without the risk associated with in-person showings

REALTORS® are being challenged to meet obligations to clients who they entered into a business relationship with before social distancing orders came into effect and to meet the needs of new clients who may need to buy or sell despite the pandemic. This means they’re often caught in the crossfire of client expectations and civic

Canada Emergency Response Benefit – What it means for REALTORS®

With the announcement of the newly created Canada Emergency Response Benefit (CERB) and associated eligibility criteria, the Canadian Real Estate Association (CREA) continues to work with the federal government to make additional details available to REALTORS® as soon as possible. “Since the emergence of COVID-19, CREA has been in ongoing discussions with government departments and

2019 BCREA Annual Report Now Available

The 2019 British Columbia Real Estate Association (BCREA) Annual Report is now available for viewing. This year, the report was created in the form of a microsite and can be accessed at bcreaannualreport.ca. With 2020 in full swing, the 2019 Annual Report explores the key focus areas and outcomes achieved at BCREA last year in

BCREA Supports End to Open Houses During COVID-19 Crisis

Vancouver, BC – March 20, 2020. The British Columbia Real Estate Association (BCREA) supports recommendations made by local real estate boards to stop open houses during the COVID-19 pandemic. “As British Columbians face this unprecedented health risk, it is vital that everyone does their part to help slow the spread of the COVID-19 virus,” says

Changes to REALTOR® Education in Response to COVID-19

A student takes notes during an online class

Since the World Health Organization’s (WHO) announcement of the COVID-19 pandemic on March 11, the BCREA Education team has been working closely with the province’s 11 real estate boards to ensure REALTORS® will be able to continue their professional development. We support real estate boards that have chosen to reschedule or cancel in-person course offerings,

LTSA Continues to Meet Demand

More than 8500 applications processed this week While Land Title and Survey Authority of British Columbia (LTSA) has introduced social distancing measures in their offices, such as restricting access to staff, direct access pass-holders and Registry Agents, it’s keeping up with customer demand and expects to remain open for business. In a statement posted on

Sketching Out the Potential Impact of COVID-19 on the BC Housing Market

To view the Market Intelligence Report PDF, click here. Summary Findings: While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on our scenario analysis, BC home sales and prices