Necessity is the Mother of Invention #526

The COVID-19 pandemic has deeply affected many parts of our society and economy – including the real estate industry. Terms many of us hadn’t heard of just three months ago – social distancing, self-isolation, lockdown, and Zoom conferencing – are now as common as, “What’s for lunch?” Buying real estate, particularly in a caveat emptor

BCREA Combats Money Laundering Through Participation in Cullen Commission

As a participant in the Cullen Commission, BCREA is providing information about the daily practice realities in real estate. Our participation will help strengthen consumer protection measures and limit money laundering in the real estate sector. The Cullen Commission, established in May 2019, is conducting videoconferencing hearings from May 25 to June 30, 2020. BCREA

REALTORS® Advocating for Affordable Strata Insurance

Strata insurance costs are rising in many parts of the province, threatening families’ housing affordability. With at least one-quarter of British Columbians living in strata units, BCREA is looking for solutions to this housing crisis. Rising strata insurance costs are a complex issue requiring a basket of solutions to foster a robust, economically viable market.

Real Estate Regulatory Changes on the Way

Last year, Minister of Finance Carole James announced that the BC Government intends to integrate the Office of the Superintendent of Real Estate and the Real Estate Council of British Columbia into the BC Financial Institutions Commission (BCFSA) by 2021. Minister James, 2019 BCREA President Michael Trites and BCREA CEO Darlene Hyde at BCREA’s 2019

CEBA Changes Make More Real Estate Business Models Eligible

By Ellen Baragon, Guest Contributor More changes have been made to the federal government’s Canada Emergency Business Account (CEBA) that makes the program more available to REALTORS®.   The new provisions address some gaps that were evident when CEBA was first unveiled, which excluded some real estate business models. The latest amendments to CEBA make the program

Behind BC’s Unemployment Rate During COVID-19

Highlights: BC’s unemployment rate 11.5 per cent in April, would have been 16.8 percent if underutilized workers included Services sector bears the brunt of physical distancing measures Younger workers have been more impacted, particularly younger women Since the pandemic was declared in March 2020, an unprecedented number of jobs have been lost in a very