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REALTOR®’s Duty: Acting in the Best Interest of the Client #586

REALTORS® must always act in the best interests of their client. In this article, we break down what that means in practical terms.

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Mar 27, 2025

BC REALTORS® Advocate for Housing Taxation Review

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Mar 27, 2025

BC REALTORS® Advocate for Housing Taxation Review

Author profile photo
By Brenna Friesen,
Policy Analyst
Author profile photo
By Brenna Friesen,
Policy Analyst

Every year, the BC Real Estate Association (BCREA) hosts its annual Government Liaison (GL) Days event in Victoria to bring together REALTORS® from across BC, delve into crucial GR issues, and engage with Members of the Legislative Assembly (MLAs). This year’s GL Days on March 9–11 was an exciting event with engaging speakers and productive MLA meetings from all three political parties. 

The event began with a fruitful collaboration among representatives of the eight real estate boards and associations that resulted in renewed direction for future collective advocacy. Working together to achieve change makes the sector more resilient, and GL Days provides a golden opportunity to put the sector’s best minds together towards achieving common goals. GL Days 2025 demonstrated strong momentum in this direction.  

Our delegate awards reception was held in the Royal BC Museum, where we were pleased to recognize the outstanding achievements of BC Northern Real Estate Board REALTOR® Victor Khong, the Association of Interior REALTORS® GR Committee, and Greater Vancouver REALTORS®’ Director of Government Relations Harriet Permut, who have shown exceptional dedication to our sector. 

We co-hosted our MLA reception with the Canadian Mortgage Brokers Association – British Columbia, highlighting our collaborative relationship to elected officials to bolster the impact of our lobbying efforts. The reception attracted many MLAs and was an engaging event filled with relationship-building conversations between real estate professionals and elected officials. 

At this year's GL Days, REALTORS® again advocated for a permanent provincial housing policy roundtable of experts. We have long recommended a mechanism of thorough governmental consultation of housing experts to vet provincial housing policy. Premier David Eby has a new mandate but a slimmer majority, and we hope both his party and the opposition will be more receptive to conducting the consultation desperately needed to create effective housing policy. 

We also advocated for a thorough review of the Property Transfer Tax, the Speculation and Vacancy Tax, the Foreign Buyer Tax, and the BC Home Flipping Tax. None of these taxes has achieved its stated goals and collectively they hinder housing attainability for many British Columbians. Each of them must be seriously re-examined for needed changes or repealed altogether. Read more about REALTORS®’ GL Days recommendations here

Premier Eby’s engagement with us during his live session was a highlight. In a surprising pivot, he recognized the importance of real estate investors in improving housing attainability. Minister of Housing and Municipal Affairs Ravi Kahlon, Conservative Party of BC leader John Rustad, and interim BC Green Party leader Jeremy Valeriote also engaged with our delegates and discussed their visions for housing attainability in BC. 

While this event is over, our advocacy efforts are ongoing, and we are dedicated to ensuring needed housing policy changes are brought to the attention of elected officials to improve the future of attainability.  

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Author profile photo
By Brenna Friesen,
Policy Analyst
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