New Online Course Explores Systems Used in Residential Construction

If you have ever been a part of a residential real estate transaction, a client has probably asked you a question about part of a house’s system. Did you have the answer? Knowledge of the ins and outs of residential construction can be an extremely valuable tool for REALTORS®.  Know Your Product: House Systems is

Use Your Name Wisely #550

Working in any profession with friends is fun and working in real estate is no exception. It is a business of mentorship, networking and relationship-building where these relationships can turn into tangible benefits in the form of referrals and other business opportunities. However, while the instincts to collaborate and reward your network are well-intentioned, there

BC Real Estate Association named Great Place to Work® in Canada for 2022

The BC Real Estate Association has again been certified as a Great Place to Work® in Canada. The designation in 2022 marks the third consecutive year BCREA has received this accreditation. The Great Place to Work Certification® recognizes organizations as “employers of choice” for their outstanding workplace culture.   In addition to supporting BC’s eight real

BC Government Releases Cullen Commission Final Report and Recommendations

On Wednesday, June 15, the BC Government publicly released the final report and recommendations from the Cullen Commission of Inquiry into Money Laundering in BC. The Commission was established in May 2019 to examine the extent of money laundering in BC. Areas of focus included real estate, as well as the gaming sector, financial institutions,

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Bond markets expect very aggressive Bank of Canada Is Canada in a recession? Bank of Canada tightening aggressively now, only to cut rates in 2024? Mortgage Rate Outlook In BCREA’s last Mortgage Rate Forecast, we anticipated Canadian 5-year fixed mortgage rates would reach 4 per

Rising Mortgage Rates Continue to Slow Market Activity

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2022, a decrease of 35.1 per cent from May 2021. The average MLS® residential

CLI Rises in First Quarter 2022

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) rose to 154 from 150 in the first quarter of 2022, recovering most of the ground lost over the prior two quarters. Compared to the same time in 2021, the index was up by 3.4 per cent. It is