BCREA Creates Notice & Acknowledgement Form for Use During COVID-19 Pandemic

Woman signing a contract or form

The British Columbia Real Estate Association (BCREA) has created a new Standard Form, the Notice & Acknowledgement form, for use by REALTORS® during the COVID-19 pandemic. It is now available on WEBForms®. With the practice of real estate having changed since the outbreak of COVID-19, your clients may have many questions and concerns over how

Communicating During Stressful Times

By Gerald G. Clerx (Success Partner, Engage BRILLIANTLY Training Group) The current pandemic has created a lot of anxiety within the real estate community – it’s a stressful time for everyone. Buyers are uneasy about the future of their investment as well as their ability to qualify and make mortgage payments and sellers are concerned about

Is It Different This Time? Recessions and the BC Housing Market

To view the Market Intelligence Report PDF, click here. Summary Findings: The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions. We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing. As measures implemented to mitigate

More Than Wage Subsidies: Additional Aid for Brokerages

By Anna Jones, CPA, CA (Partner, Church Pickard) The Canada Emergency Wage Subsidy (CEWS) and Temporary Wage Subsidy (read about them here) are just two financial aid programs available to managing brokers as small business owners. The Work-Sharing Program, Canada Emergency Business Account and recently announced Canada Emergency Commercial Rent Assistance programs can all help

PRECs and Wage Subsidy Programs

If you have a Personal Real Estate Corporation (PREC), navigating Canada’s COVID-19 aid programs can seem even more complicated. If you receive a T4 from your PREC and you meet the Canada Emergency Relief Benefit (CERB) income threshold requirement (read more here), you’ll want to calculate which is more beneficial, the CERB or the wage

PODCAST: Episode 5 – Conducting Business During COVID-19

Open House by BCREA logo

Episode 5, Conducting Business During COVID-19, features a conversation with Kim Spencer, also known as the “Ethics Guy.” He is a PDP instructor and Manager of Professional Standards at the Real Estate Boards of Greater Vancouver, and on this episode discusses moral, ethical, and practical questions related to REALTORS® working during the COVID-19 pandemic. [div

Staying Secure When Using Zoom and Other Video Conferencing Tools

Professionals connect via video conferencing

REALTORS®, like many other professionals who rely heavily on face-to-face interaction to conduct business, have quickly had to change the way they meet with colleagues and clients during the COVID-19 pandemic. While the change may be a lot for some, tools like Zoom have made meeting virtually easier than ever. But a significant increase in

Broadened CERB Criteria Makes More REALTORS® Eligible

On April 15th, the Government of Canada broadened the Canada Emergency Response Benefit (CERB) criteria by allowing applicants to earn up to $1,000 in each four-week eligibility period. People who are eligible for Employment Insurance or sickness benefits or who have exhausted their Employment Insurance benefits between December 29, 2019 and October 3, 2020 are

Pandemic Halts Sales Activity in March

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2020, an increase of 17.2 per cent from March 2019. The average MLS® residential