As of August 26 there were nearly 243 wildfires in BC, impacting over 3,700 properties with evacuation orders. According to a recent report by the Intergovernmental Panel on Climate Change (IPCC), these sorts of extreme weather events are likely to become more severe in the future. If current greenhouse gas emission levels remain the same, …
On August 1, the BC Financial Services Authority (BCFSA) assumed the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) to become the only real estate regulator. BCFSA is a ‘super-regulator,’ regulating not only real estate but also credit unions, trust companies, insurance companies, pension plans and mortgage …
All parties are pledging to drastically increase housing supply, with the Liberal Party leading the race by pledging 1.4 million new homes; the Conservative Party pledging 1 million new homes; and the New Democrat Party (NDP) promising 500,000 new homes. While these lofty ambitions show that housing is top-of-mind for all three parties, it’s important …
Standard form contracts of purchase and sale are very useful in real estate transactions. They are familiar, well-tested, and cover off all the basics and much more. However, real estate is complicated and the one-size-fits-all approach may not fit every situation. In cases where a standardized contract of purchase and sale does not entirely address the specific needs of the transaction adding terms and conditions – or …
As summer slips away, and we head into a crisp BC fall with a fresh new school year, you might be thinking of heading back to the books as well. This year BCREA introduced six new online courses for REALTORS®, expanding BCREA’s comprehensive online course catalogue. In case you missed them, or you’re thinking of …
The British Columbia Real Estate Association (BCREA) recommends REALTORS® and your clients once again wear masks while conducting open houses and private showings as a result of rising COVID-19 case numbers and the BC government’s recent announcement that beginning August 25, people 12 and older – both vaccinated and unvaccinated – will be required to wear a mask in indoor public spaces. The government also announced that proof of vaccination through a …
BCREA has created a new video to help REALTORS® explain the Co-Listing Form – Joint Representation to their clients. This form is used to amend a Listing Contract when the sellers want the property to be listed jointly by more than one brokerage. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hwy9fOsu7G0″ frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video explains the …
In the most unsurprising of events, the writ has been dropped and Canadians will head to the polls on September 20 to vote for their next Member of Parliament. BC is certain to be a significant battleground for political parties. It’s no coincidence that party leaders Justin Trudeau, Erin O’Toole and Jagmeet Singh have already …
In September, BCREA will meet with BC’s ten member boards to develop a new three-year strategic plan and we need your input. To gather your feedback, we’re using a tool called ThoughtExchange. Click here to participate: https://tejoin.com/scroll/255686085 If you’re a REALTOR®, we invite you to answer one survey question about your satisfaction with BCREA and …
BCREA’s Legal Defence Reserve (LDR) is a valuable support system that assists REALTORS® by supporting litigation or providing other assistance for issues concerning the Realtor profession. When serious issues arise with potential implications on Realtor practice, reputation, and the real estate profession as a whole, BCREA may assist you with your claims with financial support …
Professionalism is one of the core competencies of a REALTOR®, and at the heart of having a high standard of professionalism is effective engagement with your clients. The way you interact with your clients is a key factor in developing a good reputation, your ability to conduct a successful transaction, and it’s an essential factor …
For the complete news release, including detailed statistics, click here. Vancouver, BC – August 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,663 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2021, a decrease of 7.2 per cent over July 2020. The average MLS® residential …
On August 1, 2021, the BC Financial Services Authority (BCFSA) became the new regulator for real estate service providers in BC. That means the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) no longer exist. BCREA recently published a blog post with a video explaining the change in regulators and a series of resources …
As a result of the integration of the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) into the BC Financial Services Authority (BCFSA) on August 1, the Real Estate Rules, now named the Real Estate Services Rules, have been revised. The changes take effect immediately. With RECBC and …
UPDATE: This post was updated on August 1 to include the new BCFSA link to the July 2021 Report from Council. A previous link from the Real Estate Council of BC website no longer exists. BC’s revised Real Estate Services Rules also come into effect on August 1. Click here to learn more. To find …
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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