BC Government Announces New Housing Measures in 2024 Budget 

Flipping Tax

On February 22, 2024, Finance Minister Katrine Conroy introduced the provincial government’s Budget 2024. The budget unveiled several new housing related measures, including the BC Home Flipping Tax and various property transfer tax exemptions. While BCREA commends the provincial government’s renewed commitment and efforts to improve housing attainability for British Columbians, the budget’s introduction of

Housing Monitor Dashboard

The dashboard was last updated on February 26, 2024. The BCREA Economics team has created the Housing Monitor Dashboard to help REALTORS® monitor BC’s housing market. This dashboard provides up-to-date data on key variables for public education and use. The image and data are available for download under each chart, where possible. Resale Home Market

New BCREA Course Dives Into Best Practices When Interacting With Powers of Attorney and Executors

In BCREA’s new self-paced online course, Navigating Transactions Involving Powers of Attorney and Executors, learners will gain the knowledge to proficiently manage transactions involving powers of attorney (POAs) and executors. (BCREA Access Login required) Navigating Transactions Involving Powers of Attorney and Executors dives into potential issues and recommended practices for working with POAs and executors

Housing Market Activity Picks Up to Start 2024

For the complete news release, including detailed statistics, click here. Vancouver, BC –  February 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 3,979 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in January 2024, an increase of 29.4 per cent from January 2023. The average MLS® residential

Professionalism in Practice: Supporting Legal and Practical Challenges

BCREA, through the Legal Defence Fund Committee, is dedicated to supporting REALTORS®, managing brokers, and our regional boards and association through its legal guidance request service. This service offers comprehensive legal and practical guidance, primarily focusing on the broader aspects that impact BC REALTORS® rather than on individual transactions. Tailored for real estate professionals in

New BCREA Course Unveils the Essentials of Real Estate Disclosures

Explore the fundamental aspects of real estate disclosures in BCREA’s new course Introduction to Disclosures in Real Estate. Aimed at new REALTORS® embarking on their real estate journeys, this course covers the intricacies of mandatory disclosure requirements set forth by common law, statute law, and professional sector standards. (BCREA Access Login required) Introduction to Disclosures

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