Janie Cranfield

BCREA Nowcast

BC Monthly Real GDP Estimate for January 2020 (Updated: March 31, 2020) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for January 2020 is 1.1 per cent, down from 1.4 per cent annual growth in December. The BC economy was clearly slowing even before the COVID-19 outbreak. We

COVID-19: Resources for REALTORS®

Last updated: March 26, 2020 BCREA has created this dedicated page to help real estate boards and REALTORS® access resources related to real estate practice and the COVID-19 crisis. We will provide new information and resources as they become available. In addition to uploading new content here, we will send out email updates to all

Sketching Out the Potential Impact of COVID-19 on the BC Housing Market

To view the Market Intelligence Report PDF, click here. Summary Findings: While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on our scenario analysis, BC home sales and prices

Housing Market Update – March 2020

Watch BCREA Chief Economist Brendon Ogmundson discuss the February 2020 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/t5NVOhmyuJQ” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] To subscribe to receive BCREA publications such as this

Estimating the Impacts of the Speculation and Vacancy Tax

To view the Market Intelligence Report PDF, click here. Summary Findings: While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax (SVT) is estimated to have reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. Growth in home prices since 2018 is

Commercial Activity Declined in 2019 Q4

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) fell for the second straight month to 134.3 in the fourth quarter of 2019. Compared to the same time last year, the index is up by 0.3 per cent. Provincial economic activity continued to slow in the fourth quarter

Ideas into Action: BCREA Managing Brokers’ Conference

Register today for BCREA’s second Managing Brokers’ Conference and join managing and associate brokers from across BC on October 16 and 17 at the Coast Capri Hotel in beautiful Kelowna for a day of networking and learning! This year’s conference theme is Ideas into Action, and the all-day conference on October 17 will take an

Pitfalls in Transactions Involving Strata Condominiums #516

A recent Civil Resolution Tribunal decision1 highlights some important practice points for licensees in transactions involving strata condominiums. The buyer of a strata condominium claimed against the seller’s agent in misrepresentation and false advertising arising from the description of the building as having a “fully rainscreened exterior” in the MLS® listing. The buyer was surprised

Organized Real Estate Wants You!

Join BCREA’s Board of Directors BCREA is seeking REALTORS® for its Board of Directors, for election at its next AGM on March 24, 2020. Ideally, the candidates should have served previously on boards of directors in organized real estate and should come equipped with governance and a range of business skills and backgrounds, including commercial.