UPDATE: BCREA COVID-19 Impacts Dashboard
BCREA’s Economics team has launched a weekly dashboard to help Realtors understand and monitor the progression of the COVID-19 virus.
April van Ert
UPDATE: Extension of BC’s State of Emergency – What it means for REALTORS®
This post, originally titled “Government Announcement on Renters and Landlords – What it Means for Realtors”, was updated on May 28, 2020 following the two-week extension of BC’s State of Emergency. On May 27, 2020, Premier John Horgan extended BC’s state of emergency until June 9, 2020. This means that the Residential Tenancy Order (RTO), …
UPDATED: CERB & CEWS Still Being Adapted to Meet Needs of All Sectors
While there is still uncertainty about how CERB and CEWS applies to REALTORS®, the government continues to evolve the programs and BCREA continues to advocate on Realtors behalf.
CERB or CEWS: Which Federal Aid is Right for You?
If you are a REALTOR® trying to understand whether you should apply for the Canada Emergency Response Benefit (CERB) (due to launch April 6) or the Canada Emergency Wage Subsidy (CEWS) (launch details unavailable) there are two questions to ask yourself: Are you self-employed? Have you incorporated as Personal Real Estate Corporations (PREC) and receive …
LTSA Continues to Meet Demand
More than 8500 applications processed this week While Land Title and Survey Authority of British Columbia (LTSA) has introduced social distancing measures in their offices, such as restricting access to staff, direct access pass-holders and Registry Agents, it’s keeping up with customer demand and expects to remain open for business. In a statement posted on …
Making sense of WEBForms® Tips from BCREA & CREA
On March 5, more than 1100 REALTORS® logged in to BCREA’s webinar Making Sense of Webforms®. The webinar, a supplement to WEBForms® training already being offered by local member boards, brought together CREA’s WEBForms® Product Manager and a WEBForms® technology trainer & consultant, to give REALTORS® tips on how to make the most of BCREA …
BCREA Welcomes Change to Stress Test
Vancouver, BC – February 19, 2020. As the voice of BC’s 23,000 REALTORS®, the British Columbia Real Estate Association (BCREA) welcomes Minister of Finance Bill Morneau’s announcement of changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test”. Minister Morneau announced that as of April 6, …
Managing Brokers’ Conference Now Open To All REALTORS®
egistration for BCREA’s upcoming Ideas Into Action Managing Brokers’ Conference is now open to all REALTORS®. The conference, taking place at Kelowna’s Coast Capri Hotel on October 16-17, will focus on issues facing managing brokers but the topics are sure to be of interest to all REALTORS®. Plus, attendees receive 3 category C PDP credits.
Underground Storage Tanks: A Refresher #434
By Jennifer Clee For properties built before 1957, the presence of an underground oil storage tank (UST) poses significant environmental and financial risk to buyers and sellers. Not only are properties with USTs at risk of oil contamination from leaking or eroding USTs, properties adjacent to the affected properties are at risk as well. Provincial …
Passing Information Accurately #433
In a real estate deal, a client depends on the licensee to accurately relay information between the parties. This is especially critical where the licensee is a limited dual agent. A recent Real Estate Council of British Columbia disciplinary decision makes the point.1 Beginning in 2005, the licensee acted as the owner’s property manager for …