To view the Mortgage Rate Forecast PDF, click here. Highlights Long-term interest rates head back down on Russian invasion Elevated inflation set to stick around a little longer? It begins – the Bank of Canada is raising rates, but where will they stop? Mortgage Rate Outlook The last several months have seen a high degree …
To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) fell to 149.7 from 150.6 in the fourth quarter of 2021, representing the second consecutive decline since the economy began recovering from the recession induced by COVID-19. Compared to the same time in 2020, the index was up by …
Real estate and housing has always been a hot topic in British Columbia, especially over the last few months with record-breaking sales and rising housing prices. Given that REALTORS® are involved in the majority of real estate transactions in BC, the British Columbia Real Estate Association (BCREA) is conducting consumer research to better understand how …
This post was updated on August 20, 2021, to incorporate that the Anti-Money Laundering Symposium has been moved to early 2022. This October, BCREA will expand its anti-money laundering support for managing brokers and compliance officers with the launch of an updated online version of Mastering Compliance: Anti-Money Laundering Training for Brokers and followed by …
As a new REALTOR®, getting familiar with housing trends and learning about the market sets you up for a successful career in real estate. When it comes to economics, the British Columbia Real Estate Association (BCREA) Economics team is one of the most respected economics departments across Canada. The team analyzes housing markets and the …
For the complete news release, including detailed statistics, click here. Vancouver, BC – June 14, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2021, an increase of 178.2 per cent over May 2020 when the onset of …
By Katja Gallagher, Education Coordinator, BCREA BCREA needs your input concerning the unique needs and challenges of new REALTORS®. Complete our Practice-Ready REALTOR® survey for your chance to win a $100 Amazon gift card! BCREA has launched the Practice-Ready REALTOR® Research Project that seeks to identify opportunities to better support new entrants into the real …
In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore four key standard forms: the Co-Listing Form – Separate Representation, the General Release and Authorization to Pay Deposit Funds form, the Notice of Condition Waiver / Declaration of Fulfillment form, and the Lockbox Acknowledgement, Consent, Release and Indemnity form. These tutorial videos are …
On May 4 and 5, over 80 attendees from all around BC participated in BCREA’s Government Liaison Days. At this virtual conference, attendees learned about how the government can improve housing supply as well as energy efficiency in homes. REALTORS® then met with their MLAs to discuss the impact in their communities. Energy efficiency Realtors …
In March, amendments to the Real Estate Services Act (RESA) received Royal Assent, paving the way for a single financial services regulator in BC, including real estate. On May 19, the British Columbia Financial Services Authority (BCFSA) announced that the Office of the Superintendent of Real Estate (OSRE) and Real Estate Council of BC (RECBC) …
With the Financial Transactions and Reports Analysis Centre of Canada’s (FINTRAC) latest regulatory amendments coming into effect on June 1, BCREA will retire the one-page BCREA Individual Identification Information Record as of May 31. The FINTRAC amendments redefine when brokerages enter into business relationships and as such, this one-page form will no longer meet brokerage’s …
In case you haven’t heard, the Financial Transactions & Reports Analysis Centre of Canada (FINTRAC) has introduced new and revised regulatory requirements that come into effect on June 1, 2021, that will impact your real estate practice and anti-money laundering obligations. To ensure you’re ready for these changes, BCREA has created a series of short …
By Adam Feldman, CAMS, CAMS-RM, CSC, Guest Contributor What is a beneficial owner, and why do I need to know? A beneficial owner is defined in Canadian federal anti-money laundering regulations as an individual who owns or controls 25% or more of an entity. This could be through direct ownership or ownership of another entity. For …
Are homebuyers willing to pay more for a sustainable home than a conventional one? What features do homebuyers value most when it comes to sustainable homes? These are some of the questions students from BCIT’s Sustainable Business Leadership Program are hoping REALTORS® will help them answer by participating in a short online survey. The survey …
How hot is the current hot market? Hot enough that earlier this month, the Real Estate Council of BC (RECBC) issued a caution to consumers and real estate professionals, reminding consumers of the importance of due diligence and reminding real estate professionals to have full and frank discussions with consumers, fully explaining the increased risks …
BCREA has created a new video for REALTORS® to share with their clients to help explain the Seller’s Disclosure of Material Latent Defects form. This form allows a seller and their Realtor to disclose any known material latent defects prior to buyers making an offer. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hKLR_YXmGcI” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] The video …
For Immediate Release Vancouver, BC – April 19, 2021. The British Columbia Real Estate Association (BCREA) welcomes the province’s recent announcement that $2 billion in development financing will be committed to the HousingHub program to help create affordable housing choices for middle-income families. “With home prices having risen over the last decade and that trend continuing, …
For Immediate Release Vancouver, BC – April 16, 2021. The British Columbia housing market is currently experiencing a heightened level of activity, leading to increased competition and a trend of prospective purchasers submitting unconditional offers, at times without having financing secured. In a competitive market it’s important that consumers continue to focus on the due diligence associated …
The Land Owner Transparency Registry (LOTR) becomes publicly searchable on April 30 and guidance from the Real Estate Council of BC (RECBC) on how to use LOTR in real estate practice is coming soon. BCREA will support brokerages and REALTORS® in adapting their practice in accordance to the RECBC guidance once it’s available. In the …
On Friday, April 9th, the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) released a press statement encouraging British Columbians to be aware of the potential risks and do their research before making an offer on a home. In the release, RECBC’s Chief Executive Officer Erin Seeley …
By Katja Gallagher, Education Coordinator, BCREA Are you a new REALTOR®, managing broker or have many years of experience in the profession? Would you like to share your insights concerning the unique needs and challenges of new Realtors? If so, we want to hear from you! BCREA has launched the Practice-Ready REALTOR® Project that seeks …
For Immediate Release Vancouver, BC – March 23, 2021. The British Columbia Real Estate Association (BCREA) is pleased to announce that North Vancouver REALTOR® Dan Morrison was elected as its 2021-2022 Chair at the BCREA Annual Meeting on March 23, 2021. “Realtors showed tremendous leadership over the past year, as they adapted to the COVID-19 …
To view the Market Intelligence Report PDF, click here. Summary Findings: Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree Shocks to housing demand and interest rates are the largest contributors to fluctuations in home prices, but provincial and municipal governments have …
Starting in 2016, the real estate profession has seen numerous regulatory changes, including increased fines, new regulations, greater involvement from the Real Estate Council of BC (RECBC) and the elimination of limited dual agency. As a result, I have tried to focus many of my more recent articles on discipline decisions of RECBC. While discipline …
If you own or manage a real estate brokerage, it’s important to regularly review your insurance policy to ensure it meets your needs and adequately protects you and your brokerage. When reviewing your policy, there are three often-overlooked issues you may want to consider or raise with your insurance broker: Does your commercial general (third-party) …
The Office of the Superintendent of Real Estate (OSRE) invites REALTORS® and others to give input into the regulation of real estate teams by participating in a survey open until Friday, April 2, 2021. OSRE has been working with the Real Estate Council of BC (RECBC) to consider how to enhance the regulation of teams …
On Tuesday, February 9, the Office of the Superintendent of Real Estate (OSRE) announced five preliminary recommendations to support managing brokers as part of a report into the role of managing brokers in real estate transactions. The study was completed in collaboration with the Real Estate Council of BC (RECBC) and with input from BCREA, …
Today, the Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of British Columbia (RECBC) announced changes to the Real Estate Rules to expand the use of administrative penalties (APs). OSRE first proposed these rule changes in September 2020, in a consultation that attracted nearly 600 responses – including a detailed …
It has now been over two years since Canada moved to legally regulate the production and sale of cannabis for recreational use. While households can legally have up to four cannabis plants each, with exceptions made for those who have a license to grow medical cannabis, questions remain about the duties of real estate agents …
Effective April 1, 2021, The Real Estate Council of BC (RECBC) will increase their biennial licensing fees from $1,800 to $2,000. RECBC members approved the proposed increase on January 18, following a short consultation beginning in December 2020. The new fee structure will be implemented, subject to objections from Minister of Finance Selina Robinson. Licensing …
For the complete news release, including detailed statistics, click here. Vancouver, BC – January 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The …
2020 was an eventful year that required BCREA to adapt to many unexpected challenges. As with most British Columbians, the COVID-19 pandemic required changes how we conduct our practices. We have learned just how resilient and adaptable BC’s Realtors can be, showing leadership and coming together to help flatten the COVID-19 infection rate. Below are …
To help BC’s economy recover from the COVID-19 pandemic, many CleanBC rebates are doubled until December 31, 2020. These initiatives will help homeowners save energy and will also help the province meet its new emissions target rate to be 16 per cent below 2007 levels by 2025. The increased rebates are available for: switching from …
After the BC NDP won a majority of legislative seats, Premier John Horgan has announced the new provincial cabinet. The BC NDP’s cabinet positions will play a key role in economic recovery and are an important conduit for BCREA to advance our advocacy issues. Below is a summary of ministerial appointments affecting real estate. Hon. …
On November 30, 2020, the Land Owner Transparency Act1 (LOTA) came into effect, and with it, the Land Owner Transparency Registry (LOTR). Now, with every change in title to a property in British Columbia, a transparency declaration must be filed with the Land Title and Survey Authority of British Columbia (LTSA). Individuals acquiring an interest …
For the complete news release, including detailed statistics, click here. Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential …
Widespread, significant increases in the cost of insurance have plagued many BC strata corporations for more than a year. BCREA and other stakeholders have raised concerns and offered potential solutions to this complex problem. During the provincial election campaign, we educated candidates about strata insurance. These high costs are ultimately paid for by strata unit …
Throughout the election campaign, all three main BC parties made promises to be leaders in reducing greenhouse gas emissions. While all parties agreed incentives for retrofitting homes were important to meet climate change goals, BCREA knows the government needs to make significant improvements if it’s going to meet current carbon reduction targets. Government incentives for …
As Canadians recognize the important work done by housing partners on National Housing Day (November 22), BCREA acknowledges that there is still much work to do to ensure affordable, appropriate housing. In spite of the BC housing market’s record pace in October, supply continues to be limited. Lack of adequate supply causes affordability issues, especially …
Licensees must be aware of the challenges that exist when representing someone who claims to have the legal right to act on behalf of a property owner on the basis of a power of attorney. Is the power of attorney valid? Was it properly executed? Does it empower the attorney to deal with real property? …
Canadian businesses, non-profits and charities experiencing financial hardship from COVID-19 may be eligible for a subsidy to cover part of their commercial rent through the Canada Emergency Rent Subsidy (CERS). This program, in effect since November 23, replaces a previous commercial rent assistance program (CECRA) that had lower pickup than the government expected. The goal …
While COVID-19 may pose the greatest risk right now, floods also do significant damage regularly in BC and across the country. Economic, social and environmental impacts can take many years to reverse and BCREA believes smart planning to avoid, or at least minimize, flooding is a better approach. Floodplain maps can support local government decision …
BCREA would like to remind REALTORS® to continue to use virtual tools when possible to market, show and view properties, to limit face-to-face interactions, and to follow the safer showings guidelines released last week. While the order issued by the Provincial Health Officer (PHO) on November 7 limiting social interactions and travel in the Lower …
For the complete news release, including detailed statistics, click here. Vancouver, BC – November 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential …
For Immediate Release Vancouver, BC – November 05, 2020. The regulatory agencies overseeing real estate professionals in BC and the provincial association representing REALTORS® are calling on real estate professionals across the province to protect public health and safety by temporarily discontinuing open houses. With cases of COVID-19 on the rise in BC, the Real …
The Question I am asked for advice from licensees on potential claims daily. They often describe a scenario involving complex matters beyond the expertise of a licensee, such as taxes, structural issues/defects or complicated legal questions, like whether a contract alive or dead? They want to know what they should do and what they should …
To view the Market Intelligence Report PDF, click here. Summary Findings: Immigration is the most important driver of population growth in BC, with a growing share within the prime working-age and household-forming demographic. The global pandemic has resulted in a sharp drop in immigration and consequently BC reporting one of the lowest quarterly increases in …
Well, wasn’t that an amazing election? OK, perhaps it wasn’t exactly a barn-burner result, and the degree of policy discussion was, shall we say, disappointing. While we don’t know the final results yet (an estimated 500,000 mail-in votes are still to be counted), we do know the NDP will form a majority government. There are …
The new deadline for this consultation on changes to administrative penalties is November 13, 2020 (announced by the Office of the Superintendent of Real Estate and Real Estate Council of British Columbia on October 27, 2020). In mid-September, the Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of BC (RECBC) …
The British Columbia Real Estate Association (BCREA) has partnered with the Big Sisters of the Lower Mainland on a pilot basis to help connect young girls aged seven to 17 with female mentors in the Fraser Valley Real Estate Board (FVREB) area. About Big Sisters of the Lower Mainland Right now, Big Sisters of the …
Below is a comparison of the three main party’s platforms’ impact on real estate and housing. COVID-19 Economic Recovery Green Allocate $300 million to create a six-month rent subsidy program for small businesses. Liberal Eliminate the Provincial Sales Tax (PST) for one year and then set it at three per cent for subsequent years. Permanently …
In mid-September, over 1,200 REALTORS® took BCREA’s third survey on the economic impacts of COVID-19. Many Realtors are still experiencing financial difficulties, with 16 per cent reporting no income from transactions in August and September. This number is down from 26 per cent of respondents who reported receiving no income from transactions from May to …
For the complete news release, including detailed statistics, click here. Vancouver, BC – October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential …
As the federal government enters its next phase of economic recovery, new programs have been announced, while others have been modified or phased out. The following programs may benefit REALTORS® impacted by the economic effects of COVID-19. The Canada Emergency Wage Subsidy (CEWS) has been extended until summer 2021. CEWS provides a wage subsidy for …
By Ellen Baragon, Guest Contributor Improve your ability to assess client needs, hone your presenting skills, and strengthen your core competencies of agency, disclosure, and ethics in BCREA’s new Client Engagement Excellence: Assessing and Presenting Skills, a self-paced online course available now. Written by real estate client engagement expert Gerald Clerx, the course covers the practical …
Before entering into a co-listing agreement, there are some important items REALTORS® need to consider: Will a co-listing be beneficial or detrimental to the seller(s)? Which co-listing form is appropriate to use? Who do I owe my fiduciary duty to? Will a co-listing be beneficial to the seller(s)? Realtors have a duty to act in …
On September 23, Governor General Julie Payette presented the Speech From the Throne, providing an overview of many programs the government has enacted in the last six months as well as providing an outline of the government’s upcoming agenda. Several of the announcements will impact real estate in BC. On market housing, the government promised …
For the complete news release, including detailed statistics, click here. Vancouver, BC – September 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 10,172 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2020, an increase of 42.8 per cent from August 2019. The average MLS® residential …
As of August 20, 2020, REALTORS® have yet another reason to maintain high standards of hygiene and safety. Schedule 1 of the BC Workers Compensation Act includes a new presumption for infections caused by communicable viral pathogens, such as COVID-19, that are the subject of a Public Health Act notice or a declared state of …
Vancouver, BC – September 9, 2020. The British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent …
As of October 1, 2020, all BC companies must maintain transparency registers in their offices along with their other corporate records. A transparency register is a list of all significant individuals connected to the company and the requirement applies to real estate brokerages and personal real estate corporations. To get started, the BC Government recommends …
For several months, BCREA and other stakeholders have drawn the government’s attention to significant increases in the cost of strata property insurance in BC. This is a complex issue and, while it can’t be solved quickly, actions are underway. Initial research findingsThe BC Financial Services Authority (BCFSA), BC’s financial services regulator, published a brief interim …
In August, BCREA interviewed the Pembina Institute’s director for buildings and urban solutions, Tom-Pierre Frappé-Sénéclauze, to understand their perspective on making homes and buildings in BC low carbon, healthy and resilient. Tom-Pierre was a coauthor of a July submission sent to the BC Government, “Accelerating BC’s economic recovery through building retrofits.” Closely aligned with BCREA’s …
The COVID-19 Reopening Dashboard allows readers to monitor the evolution of the BC economy as the province gradually reopens. The dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s subsequent state of emergency. The most recent update shows that home sales have more than fully …
A recent discipline decision from the Real Estate Council of BC (Council) illustrates how important it is for licensees to be aware of and follow Council guidelines and their interpretations, which can be found in newsletters, notices, articles, and answers to Frequently Asked Questions, all readily available on Council’s website. In this decision,1 a couple …
The Province of BC has changed the Strata Property Act and the Financial Institutions Act in response to the recent escalation of insurance premiums and deductibles. In a communication to Strata Managers, the Real Estate Council of BC (RECBC) highlighted that now: Strata corporations are required to inform owners as soon as it is feasible …
For the complete news release, including detailed statistics, click here. Vancouver, BC – August 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 10,090 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2020, an increase of 26.6 per cent from July 2019. The average MLS® residential …
By Ellen Baragon, Guest Contributor The federal government has extended the Canada Emergency Commercial Rent Assistance (CECRA) for another month to help small businesses cover rental costs through August 2020. This follows a previous CECRA extension for the month of July. CECRA provides forgivable loans to qualifying commercial property owners to cover 50% of three …
In BC, real estate contracts are only available in English. However, clients may prefer to communicate in a language other than English and may choose to work with a REALTOR® who can communicate in this language. When this happens, and especially when such clients have not purchased property in BC before, there is an opportunity …
By Ellen Baragon, Guest Contributor Even when REALTORS® adapt strict COVID-19 safety protocols (you can review BCREA’s guidelines here), hosting open houses increases the risk of exposure to COVID-19. Hosting open houses also results in another type of exposure for Realtors: exposure to public scrutiny. With British Columbians anxiously watching the latest transmission numbers, neighbours …
By Carlos MacDonald, Director of Land Titles, Land Title and Survey Authority of British Columbia If a property owner or buyer encounters a discriminating covenant in land title records, it can be a shocking surprise. Discriminating covenants are clauses that restrict the sale, ownership, occupation or use of land on the basis of sex, race, …
For the complete news release, including detailed statistics, click here. Vancouver, BC – July 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential …
Over the past several months, we’ve been sharing stories about the many REALTORS® across BC who are supporting their communities through the COVID-19 pandemic. For now, this will be the last post in the COVID-19 Community Care series. “A huge thanks to our fantastic agents, to Trinity Church and to the people of Kelowna, West Kelowna …
The vast majority of BC REALTORS® – 91 per cent – have faced either a decrease of income or no income from transactions since the provincial state of emergency was announced on March 17, 2020. The reported loss of income was consistent among all boards, licence categories and both commercial and residential practice. The data …
Generally speaking, if a buyer breaches a contract for the purchase of real estate and the seller accepts the buyer’s refusal to perform the contract (as known as “repudiation”), an innocent seller is entitled to retain the deposit paid by the buyer under a contract of purchase and sale. But what happens when a buyer …
BCREA has created a video for REALTORS® to share with clients to help them better understand the Multiple Listing Contract (MLC), which is used in many real estate transactions in BC. One of two common listing contracts in BC, the MLC is used when a seller engages a Realtor to list their property on the …
Over the past several months, we’ve been sharing stories about the many Realtors across BC who are supporting their communities through the COVID-19 pandemic. “In true Dexter fashion, our winning agents chose to forego personal awards and gifts this year in favor of a donation on their behalf to the Resilience Without Barriers Fund. This fund …
For Immediate Release Vancouver, BC – June 17, 2020. The British Columbia Real Estate Association (BCREA) welcomes the BC Financial Services Authority’s (BCFSA) interim findings on the unprecedented rise in strata insurance premiums and deductions. On behalf of BC’s 23,000 REALTORS® and 11 real estate boards, BCREA has also developed a series of recommendations for …
Over the past several months, we’ve been sharing stories about the many Realtors across BC who are supporting their communities through the COVID-19 pandemic. “We chose to support our local Share Family & Community Services as they run the local food bank. COVID-19 has drastically impacted food bank donations and they need help to support those …
For the complete news release, including detailed statistics, click here. Vancouver, BC – June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “Sotheby’s International Realty Canada, Victoria office, is proud to support our community with our “5 Ways You Can Have a Positive Impact on Your Community in a Trying Time” campaign, posted boldly in …
By Ellen Baragon, Guest Contributor The federal government’s Regional Relief and Recovery Fund (RRRF) could assist brokers who, for various reasons, have not been able to take advantage of other programs such as the Canada Emergency Business Account (CEBA). The $1 billion fund was launched in May to support small to medium businesses struggling to recover …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “As of late, we have had a lot of emotions with all that has been going on in the world, and have been feeling helpless. After brainstorming about the ways in which we …
Recently the Canadian Real Estate Association (CREA) uploaded a Coronavirus Statement & Consent form to WEBForms® for REALTORS® to use with clients. In signing the form, clients state that they currently don’t have any COVID-19 symptoms and haven’t been in contact with anyone with symptoms. The person signing the form is also giving the brokerage …
By Ellen Baragon, Guest Contributor (This post was updated June 2 to include the government of BC’s new order preventing landlords who are eligible for CECRA from evicting tenants.) On Monday, June 1, BC’s Minister of Finance Carole James announced a new order under the Emergency Protection Act prohibiting commercial landlords who are eligible for …
The COVID-19 pandemic has deeply affected many parts of our society and economy – including the real estate industry. Terms many of us hadn’t heard of just three months ago – social distancing, self-isolation, lockdown, and Zoom conferencing – are now as common as, “What’s for lunch?” Buying real estate, particularly in a caveat emptor …
As a participant in the Cullen Commission, BCREA is providing information about the daily practice realities in real estate. Our participation will help strengthen consumer protection measures and limit money laundering in the real estate sector. The Cullen Commission, established in May 2019, is conducting videoconferencing hearings from May 25 to June 30, 2020. BCREA …
Strata insurance costs are rising in many parts of the province, threatening families’ housing affordability. With at least one-quarter of British Columbians living in strata units, BCREA is looking for solutions to this housing crisis. Rising strata insurance costs are a complex issue requiring a basket of solutions to foster a robust, economically viable market. …
Last year, Minister of Finance Carole James announced that the BC Government intends to integrate the Office of the Superintendent of Real Estate and the Real Estate Council of British Columbia into the BC Financial Institutions Commission (BCFSA) by 2021. Minister James, 2019 BCREA President Michael Trites and BCREA CEO Darlene Hyde at BCREA’s 2019 …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “Supporting the community is a core value at Team Randy Mann Homes. With a wealth of support from Realtors in our network – the bulk of which stems from our very own Stonehaus …
Highlights: BC’s unemployment rate 11.5 per cent in April, would have been 16.8 percent if underutilized workers included Services sector bears the brunt of physical distancing measures Younger workers have been more impacted, particularly younger women Since the pandemic was declared in March 2020, an unprecedented number of jobs have been lost in a very …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “We saw an opportunity to shift the focus and support our community during this critical time. Our agents are happy to see a portion of their office fees redirected to support this worthwhile …
For the complete news release, including detailed statistics, click here. Vancouver, BC – May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a decline of 50.8 per cent from April 2019. The average MLS® residential …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “I enjoy the privilege of delivering chef-prepared meals to vulnerable members of our community.” During the COVID-19 pandemic, Michael Loewen, REALTOR® with Royal LePage Kelowna and member of the Okanagan Mainline Real Estate Board, …
Over the coming weeks, BCREA will share stories about the many REALTORS® across BC who are supporting their communities during the COVID-19 pandemic. “I chose to volunteer with Chilliwack Community Services because of all the wonderful programs they have in place that help so many people in this community and I just wanted to be …
These are unprecedented times with the arrival of COVID-19. We have all heard that many times and it’s true for all industries, including real estate. Although the market has slowed down, there will still be deals made and deals completed. There will also still be claims made against licensees. For the most part, these claims …
The British Columbia Real Estate Association (BCREA) is helping Realtors invest in the future by providing discounts to our Professional Development Program (PDP) courses. Watch a short message from Anthony Bastiaanssen, Chair of the Board of Directors, to learn more: [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/zxCvbFqekmQ” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] 25% Discount On All BCREA Online PDP …
As REALTORS®, the hustle and bustle of your lives may have quieted due to the COVID-19 pandemic. However, it doesn’t mean you can’t keep busy during this time as you continue to practice social distancing and following government recommended guidelines. Whether you’re continuing to try and conduct business, or are simply looking for ways to …
We are a number of weeks into social distancing and we’ve noticed that many REALTORS® are taking this time to pursue online professional development. Likewise, many individuals and organizations are creating new online learning opportunities to meet the growing demand. This blog post will help you navigate the changing landscape of online learning so you …
We are creating enhancements to our online account management system for all existing BCREA Mobile subscribers. Please check your inbox for an email from [email protected] which provides a username and temporary password in order for you to create an account and register your device on the upgraded system. Please ensure you take action immediately once you receive …
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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