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

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

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

Blanket Ban on Residential Evictions Ends

On June 24, the BC Government made it possible to evict residential tenants for reasons other than non-payment of rent. That means real estate transactions that require vacant possession can now proceed. Landlords with existing orders for eviction can take them to the courts beginning July 2, 2020, for enforcement and can enforce a writ

BC REALTORS® Support BCFSA Interim Findings On Rising Strata Insurance

For Immediate Release Vancouver, BC – June 17, 2020. The British Columbia Real Estate Association (BCREA) welcomes the BC Financial Services Authority’s (BCFSA) interim findings on the unprecedented rise in strata insurance premiums and deductions. On behalf of BC’s 23,000 REALTORS® and 11 real estate boards, BCREA has also developed a series of recommendations for

Housing Market Activity Shows Signs of Recovery in May

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential

Managing Online Communities While Returning to Operation

With Phase 2 of BC’s Restart Plan underway, REALTORS® may encounter concerns or criticism from consumers, especially online. In the latest episode of Open House by BCREA: Returning to Work and Risks to REALTOR® Reputation, Ari Indyk, VP Crisis and Risk at Edelman, provides advice on mitigating and responding to consumer concerns as we navigate

BCREA Chief Economist Re-appointed to Economic Forecast Council

British Columbia Real Estate Association (BCREA) Chief Economist Brendon Ogmundson has been re-appointed as a member of the Province of British Columbia’s Economic Forecast Council until July 2023. Ogmundson was invited to extend his current term by Minister of Finance Carole James. “COVID-19 has had unprecedented impacts on BC’s economy,” says Ogmundson. “Now more than ever, I welcome

Standard Forms Spotlight: What You Need to Know About BCREA Standard Forms

This is the first post in “Standard Forms Spotlight,” a regular series of blog posts that will help REALTORS® enhance their understanding and build their knowledge of the many intricacies around provincial standard forms and clauses used in real estate transactions in BC. Learn more about what you can expect in the monthly series here.

Live Online Course and FAQ Created for REALTOR® Education About Radon Gas

Radon gas is an odourless and colourless radioactive gas that occurs naturally throughout BC

With questions about radon gas recently added to the Property Disclosure Statement in April 2020, REALTORS® may be looking to brush up on their knowledge about the odourless and colourless radioactive gas that occurs naturally throughout BC and which, if accumulated in homes and other buildings, can become a health risk. As a result, BCREA,

Can the Regional Relief and Recovery Fund Help You?

By Ellen Baragon, Guest Contributor The federal government’s Regional Relief and Recovery Fund (RRRF) could assist brokers who, for various reasons, have not been able to take advantage of other programs such as the Canada Emergency Business Account (CEBA). The $1 billion fund was launched in May to support small to medium businesses struggling to recover

BCREA, RECBC and E&O Create Risk Management Resource for Managing Brokers

BCREA, the Real Estate Council of BC (RECBC) and the Real Estate Errors & Omissions Insurance Corporation (E&O) are pleased to introduce the What Would You Do? Presentation Series for managing brokers. This is a series of PowerPoint presentations that managing brokers can give to their REALTORS® to facilitate discussions around risk management. Each presentation