Inflation and the Rising Trend of Underinsured Claims: Tips for REALTORS®

According to Aviva Insurance, there has been a growing trend of underinsured claims across personal and commercial property lines over the past two years. This trend is fuelled by customers not being adequately insured to value. As a result, Aviva says that claims are coming in much higher than what customers are insured for. With

Five Things REALTORS® Should Know About Real Estate and the Economy

Clients rely on REALTORS® to have ample knowledge of the housing market while guiding them through the buying and selling process. To be as effective as possible in advising your clients, a general understanding of what influences the market is essential. With this in mind, BCREA recently created the self-paced online course Economics for REALTORS®:

Safety and Manufactured Homes Pilot Project: Resources for Sellers and Buyers

Between April 11 and October 28, 2022, a pilot project is underway in the Association of Interior REALTORS® Southern Peace area regarding manufactured homes and electrical safety. Normally, before a manufactured home can be listed for sale, a valid electrical safety certification or approval label or mark has to be in place. During the pilot

Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March 2021. The average

How the 2022 Federal Budget Impacts BC Real Estate

UPDATE – April 12, 2022: This post was updated to correct a figure related to the Multigenerational Home Renovation Tax Credit. The tax credit is up to $7,500, not $50,000 as previously stated. Budget 2022 was introduced on April 7 with a significant focus on the supply and affordability of housing in Canada. BCREA was encouraged

Cybersecurity Tips for REALTORS®: Multifactor Authentication

With most of our business being conducted online, REALTORS® and managing brokers must be aware of good cybersecurity practices. Ensuring your digital accounts are secure online prevents hackers from obtaining not just your sensitive information, but also private client information. In a recent Community of Practice for Managing Brokers session, BCREA Technology Manager, Mairon Batista,

Join BCREA’s Managing Broker Advisory Committee: Applications Now Open

BCREA is seeking managing or associate brokers to serve on the Managing Broker Advisory Committee. As a Committee member, you will be involved in meaningful discussions, identifying opportunities and providing recommendations about how BCREA, through its core services can best support managing brokers and the profession to ensure BCREA is driving value. The Committee is

Trevor Koot to Join BCREA as Chief Executive Officer

April 1, 2022—Vancouver, BC. The British Columbia Real Estate Association (BCREA) is pleased to announce the appointment of Trevor Koot as the new Chief Executive Officer (CEO). An experienced business leader with a deep background in organized real estate, Koot will succeed Darlene K. Hyde and assume responsibilities on April 19, 2022. To ensure a