CleanBC Rebates Doubled

To help BC’s economy recover from the COVID-19 pandemic, many CleanBC rebates are doubled until December 31, 2020. These initiatives will help homeowners save energy and will also help the province meet its new emissions target rate to be 16 per cent below 2007 levels by 2025. The increased rebates are available for: switching from

New Cabinet Will Lead BC’s Economic Recovery

After the BC NDP won a majority of legislative seats, Premier John Horgan has announced the new provincial cabinet. The BC NDP’s cabinet positions will play a key role in economic recovery and are an important conduit for BCREA to advance our advocacy issues. Below is a summary of ministerial appointments affecting real estate. Hon.

A Whole Lot to Know About the Land Owner Transparency Act #533

On November 30, 2020, the Land Owner Transparency Act1 (LOTA) came into effect, and with it, the Land Owner Transparency Registry (LOTR). Now, with every change in title to a property in British Columbia, a transparency declaration must be filed with the Land Title and Survey Authority of British Columbia (LTSA). Individuals acquiring an interest

Three Online Courses to Consider During BCREA’s Holiday Promotion

By Ellen Baragon, Guest Contributor Looking to end the year by brushing up on your skills or getting a head start on 2021 professional development requirements? Register for any of BCREA’s online PDP courses before December 31 and get 20% off the regular price with promo code HOLIDAY20. Six new online courses were introduced this

BC Housing Market Posts Strongest November on Record

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential

Markets at a Glance

These charts provide year-to-date information on the pace of MLS® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales with the previous year.

Apply to Become a BCREA Director for the 2021-22 Term

Applications are now being accepted for individuals interested in becoming a REALTOR® or public director on the BCREA Board of Directors for the 2021-22 term. To request an application package, contact your local real estate board or email [email protected] Deadline to submit your application package is January 15, 2021. “We’re really here to help guide

Top Three Questions About the Privacy Notice and Consent Form

Privacy laws in British Columbia require that informed consent is obtained before collecting, using, and disclosing the personal information of individuals. BCREA created the Privacy Notice and Consent form to support REALTORS® in providing disclosure and documenting the informed consent of consumers regarding the collection, use, and disclosure of their personal information. Having a consumer

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Bank of Canada actions have pushed mortgage rates to record lows Canadian economy bounced back in the third quarter, but the second wave looms Bank of Canada on hold, but when will quantitative easing end? Mortgage Rate Outlook Canadian mortgage rates were driven to a

Selling Tenant-Occupied Properties During the COVID-19 Pandemic

Selling a home can be a stressful experience, and it can be even more complicated when selling a tenant-occupied property, especially in the midst of a global pandemic. If you are a real estate professional selling a tenant-occupied property during the pandemic, you have an important role to play in managing relationships and expectations and

COVID-19: Resources for REALTORS®

Last updated: December 9, 2020 BCREA has created this dedicated page to help real estate boards and REALTORS® access resources related to real estate practice and the COVID-19 crisis. We will provide new information and resources as they become available. In addition to uploading new content here, we will send out email updates to all

Conveyancing Considerations During the COVID-19 Pandemic

The second half of 2020 has been a busy time for real estate transactions, which has resulted in an increase in conveyancing. To help control the spread of COVID-19, it remains paramount to continue using technology to reduce in-person contact during all aspects of a transaction, including conveyancing. In dealing with the consequences of the

Webinar Recording: 2021-22 BCREA Directorship Information Session

On November 30, BCREA hosted a virtual information session for individuals interested in learning more about becoming a BCREA REALTOR® or public Director for the 2021-22 term. The session, held via webinar, was hosted by Chair of the Nominating Committee Tanis Read, a featured BCREA Board of Directors Chair Anthony Bastiaanssen, BCREA CEO Darlene Hyde,

Regulator Takes a Step to Curb Strata Insurance Costs

Rising insurance costs are a major concern for many of the approximately one-quarter of British Columbia’s residents who live in strata properties. This issue was a significant advocacy point for BCREA during the recent provincial election campaign, and it will continue to be a key issue as we work with the new government. The recent