Widespread, significant increases in the cost of insurance have plagued many BC strata corporations for more than a year. BCREA and other stakeholders have raised concerns and offered potential solutions to this complex problem. During the provincial election campaign, we educated candidates about strata insurance. These high costs are ultimately paid for by strata unit …
Throughout the election campaign, all three main BC parties made promises to be leaders in reducing greenhouse gas emissions. While all parties agreed incentives for retrofitting homes were important to meet climate change goals, BCREA knows the government needs to make significant improvements if it’s going to meet current carbon reduction targets. Government incentives for …
As Canadians recognize the important work done by housing partners on National Housing Day (November 22), BCREA acknowledges that there is still much work to do to ensure affordable, appropriate housing. In spite of the BC housing market’s record pace in October, supply continues to be limited. Lack of adequate supply causes affordability issues, especially …
On Episode 13 of Open House by BCREA, we talk to Jamie Matthews, a partner at Farris LLP and BCREA’s legal counsel for Standard Forms, about what Realtors need to know about the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR), both of which come into effect on November 30. Specifically, Jamie …
The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. The following resources will help Realtors get up to speed and …
By Ellen Baragon, Guest Contributor Tired of getting the same old gifts of socks and ties at holiday time? BCREA is currently offering all online professional development courses at 20% off the regular course price, so you can give yourself the gift of knowledge this holiday season. From November 27 to December 31, REALTORS® can …
Licensees must be aware of the challenges that exist when representing someone who claims to have the legal right to act on behalf of a property owner on the basis of a power of attorney. Is the power of attorney valid? Was it properly executed? Does it empower the attorney to deal with real property? …
REALTORS® are committed to doing their part to help prevent money laundering in the BC real estate sector. As the professional association for BC Realtors, BCREA is committed to providing knowledge and resources to help address this complex issue. As part of this commitment, we have created a new blog series to increase awareness around …
Canadian businesses, non-profits and charities experiencing financial hardship from COVID-19 may be eligible for a subsidy to cover part of their commercial rent through the Canada Emergency Rent Subsidy (CERS). This program, in effect since November 23, replaces a previous commercial rent assistance program (CECRA) that had lower pickup than the government expected. The goal …
While COVID-19 may pose the greatest risk right now, floods also do significant damage regularly in BC and across the country. Economic, social and environmental impacts can take many years to reverse and BCREA believes smart planning to avoid, or at least minimize, flooding is a better approach. Floodplain maps can support local government decision …
On November 30, the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR) will come into effect. With them come new reporting requirements, filed by legal professionals, when an application is made to register an interest in land. To help REALTORS® and your clients get ready for LOTA and LOTR, here are three …
With new health orders announced by the Provincial Health Officer (PHO) on November 19, BCREA encourages REALTORS® to continue COVID-19-conscious business practices, which includes using virtual tools when possible, to market, show, and view properties to help slow the spread of COVID-19. The PHO’s recent announcement and order extends the ban on social interactions and …
With a variety of new resources having been created over the last several months – including the Standard Forms Resource Centre, the Fall 2020 Standard Forms and accompanying training materials – we have created a way for Realtors to easily find exactly what you need to help your practice. The Standard Forms Resources Index enables …
On November 30 at 11:00am, BCREA will be hosting a virtual information session for individuals interested in learning more about becoming BCREA REALTOR® or public Director for the 2021-22 term. The session will be held via webinar and will be hosted by BCREA Chair Anthony Bastiaanssen, CEO Darlene Hyde, and Chair of the Nominating Committee …
BCREA has created a video for REALTORS® to share with clients to help them better understand the Property Disclosure Statement (PDS). The PDS is one of the most frequently used standard forms and it allows sellers to disclose facts about the condition of the property so that buyers can make informed decisions when considering purchase …
BCREA would like to remind REALTORS® to continue to use virtual tools when possible to market, show and view properties, to limit face-to-face interactions, and to follow the safer showings guidelines released last week. While the order issued by the Provincial Health Officer (PHO) on November 7 limiting social interactions and travel in the Lower …
The COVID-19 FAQ was last updated on November 12, 2020. As the spread of COVID-19 continues to be a health risk and have a significant impact on people’s lives, REALTORS® may be left with questions about how to deal with certain areas of their practice. BCREA seeks to support you in these unprecedented times. We …
For the complete news release, including detailed statistics, click here. Vancouver, BC – November 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential …
The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. How does this affect your practice? Beginning on November 30, 2020, …
By Ellen Baragon, Guest Contributor British Columbia Real Estate Association (BCREA) Chief Executive Officer Darlene Hyde and Chief Operating Officer Corinne Caldwell have earned recognition from Business in Vancouver (BIV) for their achievements in business and leadership. Hyde is one of the recipients of the BIV 2020 BC Chief Executive Officer of the Year awards, …
For Immediate Release Vancouver, BC – November 05, 2020. The regulatory agencies overseeing real estate professionals in BC and the provincial association representing REALTORS® are calling on real estate professionals across the province to protect public health and safety by temporarily discontinuing open houses. With cases of COVID-19 on the rise in BC, the Real …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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