Updated CleanBC Roadmap Promises Energy Rating Tool for Homes

This week, the BC Government announced a new CleanBC Roadmap to 2030, with more ambitious commitments to achieve its greenhouse gas (GHG) emissions targets. As a result of additions in the plan related to the real estate sector, REALTORS® should expect conversations around energy efficiency to become an increasingly important part of your day-to-day interaction

Get to Know the 11 New Standard Forms and Schedules Coming This November

BCREA continues to help REALTORS® enhance their professionalism and adapt to changing best practices with a new Standard Forms release. This release will include 11 new standard forms and schedules as well as multiple clauses and form revisions. To help managing brokers and associate brokers prepare their Realtors for the change, BCREA will be holding

Conflicts of Interest: Sound Judgment Required #543

As Brian Taylor summarized in his February 26, 2021 Legally Speaking article, Learning from an RECBC Discipline Decision #535, the disciplinary landscape for real estate professionals changed dramatically in September 2016. Most starkly, fines and penalties were greatly increased by the then regulator, the Real Estate Council of BC (RECBC). But there is no need

BC Government Takes Positive Step to Increase Housing Supply, But Incentives Needed to Encourage Action

With demand significantly outweighing supply in many regions across BC, the cost of housing has risen dramatically during the COVID-19 pandemic. The British Columbia Real Estate Association (BCREA) has maintained that increasing market housing supply is a key to making homeownership more affordable for British Columbians, which is why the provincial government’s recent announcement introducing proposed

Real Estate Category Added for 2022 Land Awards; Deadline for Nominations is November 5

The Real Estate Foundation of British Columbia (REFBC) is accepting nominations for its 2022 Land Awards, recognizing projects and people that demonstrate innovation and leadership in sustainable land use and real estate. The deadline for nominations is November 5, 2021.  This year, a new category, Real Estate, has been added to celebrate real estate projects or initiatives that advance sustainable and inclusive land use and real

BCREA’s 2021 Standard Forms Release Coming This Fall

This fall, BCREA will release 11 new standard forms, multiple clauses and revisions to a significant number of forms. The new forms will include First Nations Reserve Lands Leasehold Properties, Cancellation of Buyer Agency Exclusive Contracts, Property Disclosure Statement – Strata Properties – Bare Land Strata and more. New clauses will cover issues like transacting

Register Now for Mastering Compliance 2.0

Update – October 20: Mastering Compliance 2.0 is now live. The program and its modules are available for learners on REALTOR Link®. (REALTOR Link® login required)         Pre-register for Mastering Compliance: Anti-Money Laundering Training for Brokers today! The updated online program provides brokers and compliance officers with the tools to master FINTRAC compliance. This program combines self-paced and

Fall 2021 Standard Forms Release

Background Resources Quick Links Last updated: November 10, 2021 This page contains background information on the Fall 2021 Standard Forms Release, information and resources to help REALTORS® prepare for use of the forms and quick links to other relevant resources. BCREA will update this page as new information and resources are available. Background On November

Record-Low Supply Keeps Market Conditions Tight in September

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential

Way Out of Balance: Housing Supply and Demand During the Pandemic

Vancouver, BC – October 7, 2021. The British Columbia Real Estate Association (BCREA) has published a report quantifying the imbalance between supply and demand in the BC housing market during the COVID-19 pandemic. BCREA’s recent Market Intelligence report, Way Out of Balance: Housing Supply and Demand During the Pandemic, estimates at the peak of market