Land Title and Survey Authority of BC Seeking Expressions of Interest

Update February 25, 2023: This opportunity is now CLOSED. The Land Title and Survey Authority of BC (LTSA) is seeking expressions of interest from individuals who wish to be considered for appointment as a Board Director. As a result of an upcoming term expiry on March 31, 2023 of a stakeholder nominee, the LTSA’s Board

A Guide to Recessions and the BC Housing Market

To view the latest Market Intelligence report PDF, click here. As the Bank of Canada aggressively raised rates over the past year to fight multi-decade-high inflation, fears are mounting that tighter monetary policy will push the Canadian economy into recession. Indeed, central banks have a poor historical track record in achieving “soft landings” following tightening

Home Sales Decline in 2022 After a Record 2021

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 12, 2023. The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS®

2022 Advocacy Year-in-Review

With 2022 now in the rear-view mirror, BCREA’s Government Relations department reflects on a busy and eventful year. 2022 was filled with regulatory change and shifts in the provincial political landscape impacting the real estate sector. Public and media interest around housing affordability intensified greatly across the year, often portrayed as escalating crises. As a

Federal Foreign Buyers Ban is in Effect

For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada under the definition of “residential property” indicated in the legislation and associated regulations that the federal government published on December 21, 2022. Although further technical interpretations of the regulations are still pending, here is the current understanding

2023 BC Property Assessments 

The 2023 BC Property Assessments are now available online through BC Assessment, and homeowners can now check theirs on the website and expect to receive their notices in the mail by the end of January 2023.   REALTORS® are often a valuable source of information for both buyers and sellers in helping them understand tax