To view the Mortgage Rate Forecast PDF, click here. Highlights COVID-19 sends interest rates plummeting Canadian recession unavoidable Bank of Canada cutting rates, but how low? Mortgage Rate Outlook The growing fears of the potential impact of COVID-19 resulted in a full market meltdown in late February, sending equity markets into free fall and global …
Vancouver, BC – March 24, 2020. The British Columbia Real Estate Association (BCREA) is pleased to announce that Okanagan REALTOR® Anthony Bastiaanssen has been elected as its 2020-2021 President at the BCREA Annual Meeting on March 24, 2020. “Now more than ever, Realtors need the support of a strong provincial association working cohesively with local …
For the complete news release, including detailed statistics, click here. Vancouver, BC – March 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 5,741 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2020, an increase of 26.3 per cent from February 2019. The average MLS® residential …
So far this year, BC’s River Forecast Centre has issued ten flood or streamflow advisories and watches. As spring draws closer, snowmelt and heavy rain may result in seasonal flooding in areas of the province. Anyone concerned about flood risks to their property should consider how to minimize potential damage. A few years ago, BCREA …
The COVID-19 virus is impacting more than people’s health. It’s changing our travel plans, how we do business and the larger economy. REALTORS® also need to adjust to protect themselves and their clients. The National Association of REALTORS® (NAR) has put together this great resource – we’ve listed some key Q&As below. What’s the most …
For the complete news release, including detailed statistics, click here. Vancouver, BC – February 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January …
To view the BCREA Housing Forecast Update PDF, click here. Vancouver, BC – January 23, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording …
For the complete news release, including detailed statistics, click here. Vancouver, BC – January 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 per cent from the 78,516 units sold in 2018. The …
2020 has already gotten off to an eventful start for REALTORS® – the new Professional Development Program framework came into effect on January 1 and the Real Estate Council of BC announced it has developed a new mandatory anti-money laundering course for all real estate licensees. Here at BCREA, we’re rolling up our sleeves and …
Thank you to all BC REALTORS® who participated in the BCREA Mobile Holiday Giveaway Contest. A big congratulations to Karrie Grewal for winning the iPhone 11! An exclusive plan for REALTORS® REALTORS® need a mobile plan that works as hard as they do. That’s why we’ve partnered with the Alberta Real Estate Association to offer …