Annual widespread wildfires and flooding have unfortunately become a regular occurrence in BC. In 2022, the province recorded more than 1,758 wildfires that burned more than 133,437 hectares. Sixty per cent of the wildfires occurred naturally. Meanwhile, extreme weather and mass flooding devastated communities and hundreds of homes across the province. There is no …
Revocation is the withdrawal of an offer prior to the formation of a binding contract of purchase and sale. For REALTORS®, given the time pressure and risk involved, this represents a significant potential liability and it is an area that should be navigated with the assistance of your managing broker, in addition to your client …
With the 2023 BCREA Managing Brokers’ Conference around the corner, we are thrilled to introduce two incredible keynote speakers who will undoubtedly leave a lasting impact on all those attending. Jennifer Barroll and Hamza Khan are two outstanding individuals who will bring their unique experiences, expertise, and perspectives to the stage this November! Jennifer Barroll …
For the complete news release, including detailed statistics, click here. Vancouver, BC – July 13, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 8,740 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in June 2023, an increase of 21.9 per cent from June 2022. The average MLS® residential …
With housing prices near record levels and stubbornly high interest rates, it is hardly surprising that many buyers have and will continue to turn to “mortgage helpers” or secondary suites to supplement their income or increase their purchasing power. According to a May 2023 article from Statistics Canada1, British Columbia has, by-far, the most “investor-occupants” …
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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