COVID-19 Reopening Dashboard

Reopening Dashboard

The dashboard was last updated on July 2, 2020. The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s subsequent

BCREA Nowcast

BC Monthly Real GDP Estimate for April 2020 & Flash Estimate for May 2020 (Updated: June 30, 2020) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for April 2020 is -10.6 per cent, down from -3.1 per cent annual growth in March. We have also included a flash

Take Your Leadership to the Next Level with L200 & L300

BCREA and the Canadian Real Estate Association have partnered to offer Leadership 200 (L200) and Leadership 300 (L300) as interactive virtual courses via Zoom. If you’re involved with your board or BCREA leadership (or you’d like to be!) this is a great opportunity to take these courses online and enhance your leadership skills.   L200

UPDATE: Dealing with Contracts and Disclosure Requirements (COVID-19 FAQ)

A female hand signing a document

The COVID-19 FAQ was last updated on June 26, 2020 to include updates on: LTSA Remote Witnessing Not allowing consumers access where they have symptoms or have been exposed to COVID-19 As appropriate continuing offering virtual services FINTRAC ID Tenant occupied properties – vacant possession Liability order Questions have been renumbered, as questions that are

COVID-19 Community Care: Brokerage Raises $17,000 for Local Food Bank

Over the past several months, we’ve been sharing stories about the many REALTORS® across BC who are supporting their communities through the COVID-19 pandemic. For now, this will be the last post in the COVID-19 Community Care series. “A huge thanks to our fantastic agents, to Trinity Church and to the people of Kelowna, West Kelowna

PODCAST: Episode 8 – A REALTOR®’s Guide to Radon Gas

Open House by BCREA logo

Episode 8 of Open House by BCREA, A REALTOR®’s Guide to Radon Gas, features a conversation about radon gas and real estate with Dr. Noah Quastel, Director of Law and Policy for Healthy Indoor Environments at the BC Lung Association. Radon gas isn’t new, but it’s certainly something that Realtors continue to learn about. BCREA

REALTORS® Are Facing Significant Hardship Due to COVID-19

The vast majority of BC REALTORS® – 91 per cent – have faced either a decrease of income or no income from transactions since the provincial state of emergency was announced on March 17, 2020. The reported loss of income was consistent among all boards, licence categories and both commercial and residential practice. The data

Suing for Unpaid Deposits #527

Generally speaking, if a buyer breaches a contract for the purchase of real estate and the seller accepts the buyer’s refusal to perform the contract (as known as “repudiation”), an innocent seller is entitled to retain the deposit paid by the buyer under a contract of purchase and sale. But what happens when a buyer

Government’s First Actions on Strata Insurance

After hearing from strata corporations, owners and other stakeholders – including REALTORS® – for several months, on June 23 the BC Government introduced legislative changes to help address the high costs of strata insurance. Strong advocacy work by BCREA and the real estate boards has resulted in BCREA being named as a contributor in the