BCREA Nowcast

BC Monthly Real GDP Estimate for June 2020 & Preliminary Estimate for July 2020 (Updated: August 28, 2020) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for June 2020 is -5.7 per cent. For comparison, the Canadian economy contracted 7.8 per cent year-over-year in June. We have also

Knowing the Rules May Not Be Enough #529

A recent discipline decision from the Real Estate Council of BC (Council) illustrates how important it is for licensees to be aware of and follow Council guidelines and their interpretations, which can be found in newsletters, notices, articles, and answers to Frequently Asked Questions, all readily available on Council’s website. In this decision,1 a couple

Get to Know the New and Revised Standard Forms Coming in September

With less than a month to go before BCREA’s Fall 2020 Standard Forms Release on September 16, REALTORS® now have the opportunity to view advance copies of the new and revised forms, clauses and accompanying resource guides. BCREA has developed a pre-launch package that includes previews of the new and revised forms and clauses (watermarked

Forms 2020: New Standard Forms and Clauses

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, seven new standard forms and three new clauses will be released on September 16, 2020. Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. The following is a summary of the upcoming new standard forms and clauses with

Forms 2020: Revised Standard Forms

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, ten revised standard forms will be released on September 16, 2020 Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. The following is a summary of the revised standard forms with brief descriptions outlining why they were created

Forms 2020: Updated Signature Blocks

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, the signature blocks on more than 20 standard forms have been updated and will be released on September 16, 2020. Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. After a recent review of the brokerage signature blocks

PODCAST: Episode 10 – Fall 2020 Standard Forms Release Preview

Open House by BCREA logo

On Episode 10 of Open House by BCREA, we preview the Fall 2020 Standard Forms Release with BCREA Professional Services Manager Jennifer Lynch. In our conversation, we outline what new and revised forms and clauses are coming, and how you can begin to familiarize yourself with the forms now. [div id=”buzzsprout-player-5176396″][/div] [script src=”https://www.buzzsprout.com/831562/5176396-fall-2020-standard-forms-release-preview.js?container_id=buzzsprout-player-5176396&player=small” type=”text/javascript” charset=”utf-8″][/script] This

Register Now for Mastering Compliance: Anti-Money Laundering Training for Brokers

Registration is now open for Mastering Compliance: Anti-Money Laundering Training for Brokers, a comprehensive online program designed to provide brokers and compliance officers with the tools to master FINTRAC compliance. This nine-week training program combines self-paced, online learning with virtual classes to help you build a strong culture of compliance at your brokerage and network

Province Revises Strata Property Act in Response to Insurance Crisis

The Province of BC has changed the Strata Property Act and the Financial Institutions Act in response to the recent escalation of insurance premiums and deductibles. In a communication to Strata Managers, the Real Estate Council of BC (RECBC) highlighted that now: Strata corporations are required to inform owners as soon as it is feasible

BCREA 2020 Third Quarter Housing Forecast Update: Surprisingly Strong Recovery to Propel Housing Market in 2021

To view the BCREA Housing Forecast Update PDF, click here. Vancouver, BC – August 25, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 per cent to 82,380 units this year, after recording