Vancouver, BC – May 30, 2022. After reviewing the BC Financial Services Authority (BCFSA) consumer protection recommendations published on May 26, the British Columbia Real Estate Association (BCREA) urges the Ministry of Finance to carefully consider the next steps prior to implementing any of the measures proposed. While many of the consumer protection recommendations in …
A recent BC Supreme Court decision (Shave v. Sommerey, 2022 BCSC 183) highlights the potential risks for REALTORS® working with buyers whose residency or citizenship status is unknown or has recently changed. The Property Transfer Act, RSBC 1996, c. 387 was amended in August 2016 to impose a surtax on the fair market value of …
On May 10 and 11, many BC REALTORS® took part in the BC Real Estate Association’s 2022 Government Liaison Days (GL Days), an event where Realtors from across BC convene to discuss government liaison issues and meet with their local MLAs. First held in 1988, GL Days connects Realtors from across the province, giving them …
Update: This post was updated on May 18, 2022. Find out more about the changes and the rationale in the Housekeeping Amendments Launch Package – May 2022 found here. (REALTOR Link® login required). While BCREA attempts to do an annual Standard Forms Launch, from time-to-time housekeeping amendments come up where it makes sense to make the …
For the complete news release, including detailed statistics, click here. Vancouver, BC – May 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,939 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2022, a decrease of 34.9 per cent from a record April 2021. The average …
The Real Estate Foundation of BC (REFBC) recently announced the finalists for its 2022 Land Awards recognizing outstanding projects and standout leaders who work to build healthy, resilient communities and natural environments. The awards are presented in five different categories across BC. BCREA is proud to recognize the Association for Interior Realtors and Vancouver Island …
Vancouver, BC – The British Columbia Real Estate Association (BCREA) has released a new Market Intelligence report estimating the potential impacts of increased housing supply on BC’s housing market. The report, Bigger, Faster…More Affordable? Evaluating the Impact of Supply-Side Policies on the BC Housing Market, finds that policies designed to streamline the development cycle are …
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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