UPDATE: BC Imposes New Social Restrictions With COVID-19 Cases Rising

UPDATE – December 22, 2021 – This blog post was updated to reflect the revised orders and restrictions announced by the Provincial Health Officer on December 21, 2021. With the number of new COVID-19 cases rising as a result of the omicron variant, BC’s Provincial Health Officer (PHO) Dr. Bonnie Henry announced new public health

November Home Sales Lead to New Annual Record in BC

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 15, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential

Eight New Education Courses Released in 2021

‘Tis the season to wind down and wrap up another busy year! With the holidays around the corner, and Santa checking his list twice, now is a wise time to check your Professional Development Program (PDP) hours twice, too.  Ensure you’re up to date with your professional requirements by catching up with BCREA’s accredited education offerings.  

2021 Advocacy Year-In-Review

This year was full of significant changes for the real estate sector in BC. REALTORS® continued to navigate the challenges of the COVID-19 pandemic and many assisted communities hit by historic rainfalls in a number of ways, including fundraising to support the Red Cross. 2021 was also filled with significant government interventions impacting the sector.

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Bond yields jump higher; fixed mortgage rates follow Canadian economic growth still constrained by supply shortages Bank of Canada – higher, faster? Mortgage Rate Outlook A lot has changed in the Canadian mortgage market in a very short period of time. The benchmark five-year government

“Cooling Off Period” With No Details Creates Uncertainty and Concern in Real Estate Sector

In November, the BC Government announced it will be introducing a “cooling off period” for real estate transactions involving residential resale properties and newly built homes in BC beginning next spring. BC Minister of Finance Selina Robinson announced the policy without any details or advanced consultation with the public or real estate sector, resulting in

Introducing InFormBot, BCREA’s Latest Standard Forms Digital Tool

BCREA is excited to announce the launch of InformBot for Standard Forms, a new digital tool that helps REALTORS® navigate the most commonly used forms with confidence.   InFormBot is a chatbot-like program that provides Realtors with an overview of standard forms to use during every transaction stage. Whether working with a seller or a buyer, InFormBot can guide you to the appropriate forms.   Standard forms highlighted in InFormBot include forms from the