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 …
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 …
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 …
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 …
As REALTORS® know better than anyone, real estate transactions happen 24/7 in all seasons. However, both buyers and sellers have a few additional considerations to keep in mind when a transaction happens in the winter months; therefore, so do their REALTORS®. Impact on Property Features and Function The law still very much recognizes the concept …
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 …
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 …
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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