Shaheed Devji

Only 35 Per Cent of British Columbians Support Government’s Cooling-Off Period According to Recent Polling

On behalf of the province’s eight real estate boards and 24,000 REALTORS(R), the BC Real Estate Association (BCREA) supports the Government of British Columbia’s intent to introduce a “Homebuyer Protection Period.” However, the BC Government’s cooling-off period fails to meet the needs of British Columbians. A recent independent survey of 1,157 British Columbians shows that only 35

LTSA to Increase Fees in April

The Land Title and Survey Authority of British Columbia (LTSA) has announced that it will be increasing service fees as of April 1, 2022. According to LTSA, the net increase will be 1.4% to the overall customer fee. To view the current and projected fees, click here. LTSA says that it uses revenue from fee

A Better Way Home: BCREA, Boards Publish Sweeping Recommendations for Government to Address Challenges in BC’s Housing Market

The British Columbia Real Estate Association (BCREA), with support from the province’s real estate boards, has published a white paper and series of sweeping recommendations for the BC Government aimed at addressing current concerns with the province’s housing market, the real estate transaction process and consumer protection. The white paper, called A Better Way Home:

BCREA to Make Sweeping Recommendations Addressing Challenges in BC’s Housing Market

Vancouver, BC – British Columbia Real Estate Association (BCREA) Chief Executive Officer, Darlene K. Hyde, will be announcing a series of sweeping recommendations addressing current concerns with the province’s housing market, the real estate transaction process and consumer protection.  The recommendations are part of a comprehensive whitepaper, A Better Way Home: Strengthening Consumer Protection in

UPDATE: BC Imposes New Social Restrictions With COVID-19 Cases Rising

UPDATE – December 22, 2021 – This blog post was updated to reflect the revised orders and restrictions announced by the Provincial Health Officer on December 21, 2021. With the number of new COVID-19 cases rising as a result of the omicron variant, BC’s Provincial Health Officer (PHO) Dr. Bonnie Henry announced new public health

“Cooling Off Period” With No Details Creates Uncertainty and Concern in Real Estate Sector

In November, the BC Government announced it will be introducing a “cooling off period” for real estate transactions involving residential resale properties and newly built homes in BC beginning next spring. BC Minister of Finance Selina Robinson announced the policy without any details or advanced consultation with the public or real estate sector, resulting in

PODCAST: Using Coaching to Build Trust (October 2021)

Open House by BCREA logo

Across the province, REALTORS® and brokerages are engaged in innovative work to support the real estate profession and the public. And we want to share those stories. On this episode of Open House by BCREA, explore an innovative way to build trusting, successful relationships with your clients through our conversation with Mark Winter. Mark is a

Updated CleanBC Roadmap Promises Energy Rating Tool for Homes

This week, the BC Government announced a new CleanBC Roadmap to 2030, with more ambitious commitments to achieve its greenhouse gas (GHG) emissions targets. As a result of additions in the plan related to the real estate sector, REALTORS® should expect conversations around energy efficiency to become an increasingly important part of your day-to-day interaction

BC Government Takes Positive Step to Increase Housing Supply, But Incentives Needed to Encourage Action

With demand significantly outweighing supply in many regions across BC, the cost of housing has risen dramatically during the COVID-19 pandemic. The British Columbia Real Estate Association (BCREA) has maintained that increasing market housing supply is a key to making homeownership more affordable for British Columbians, which is why the provincial government’s recent announcement introducing proposed

Collaboration Between Parties and Levels of Government Key to Housing Affordability in Canada

With another minority government headed to Ottawa after this month’s federal election, collaboration between parties will be key to a functional Canadian government. This is especially true when it comes to making homeownership more achievable in Canada according to the British Columbia Real Estate Association (BCREA). The Liberals, Conservatives and NDP all made increasing supply

PODCAST: Serving on the BCREA Board of Directors (September 2021)

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On October 1, BCREA will begin accepting applications from REATLORS® and members of the public interested in becoming a part of the BCREA Board of Directors for the upcoming term. On this episode of Open House by BCREA we talk about volunteering in the real estate sector and becoming a member of the BCREA Board of

Masks Recommended for REALTORS® and Clients as BC Introduces New COVID-19 Measures

The British Columbia Real Estate Association (BCREA) recommends REALTORS® and your clients once again wear masks while conducting open houses and private showings as a result of rising COVID-19 case numbers and the BC government’s recent announcement that beginning August 25, people 12 and older – both vaccinated and unvaccinated – will be required to wear a mask in indoor public spaces.   The government also announced that proof of vaccination through a

Where to Find Resources From BCFSA, Real Estate’s New Regulator

Realtors are invited to a webinar regarding the Fall 2020 Standard Forms Release

On August 1, 2021, the BC Financial Services Authority (BCFSA) became the new regulator for real estate service providers in BC. That means the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) no longer exist.   BCREA recently published a blog post with a video explaining the change in regulators and a series of resources

Revised Real Estate Rules Now in Effect Under New Regulator

As a result of the integration of the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) into the BC Financial Services Authority (BCFSA) on August 1, the Real Estate Rules, now named the Real Estate Services Rules, have been revised. The changes take effect immediately. With RECBC and

PODCAST: A Guide to Getting Started as a REALTOR® (July 2021)

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On this month’s episode of Open House by BCREA, a panel of three BC Realtors, including host and managing broker Tony Joe, BCREA Director Ashley Smith, and Youth Professional Network chair Kate Philpott talk about getting started as a Realtor, along with tips and directions about how to fast-track a new career in real estate.

BCREA Agrees with Expert Panel’s Calls to Increase Housing Supply for Improved Affordability

Increasing and diversifying housing supply is part of a necessary, meaningful, and long-lasting solution to make housing more affordable in British Columbia. The British Columbia Real Estate Association is encouraged by the final report from the Expert Panel on Housing Supply and Affordability and its specific recommendations around housing supply. “There is no question that,

New BCREA Research Finds Funding is Key to Adequate Floodplain Mapping in BC

Since 2015, only 38.5 per cent of BC communities and First Nations have created or updated floodplain maps, according to new research published by the British Columbia Real Estate Association (BCREA) in the 2021 BC Floodplain Maps Inventory Report (for complete functionality, please download the PDF after clicking on the link). The report, which identifies

PODCAST: Five Questions for the Post-Pandemic Housing Market (June 2021)

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On this month’s episode of Open House by BCREA, our Chief Economist Brendon Ogmundson joins the show to talk about his new Market Intelligence report exploring five questions about the post-pandemic housing market. From rising mortgage rates to remote work and market balance, we highlight what Realtors should be looking for as the economy emerges

Housing Supply Takes Centre Stage During GL Days Live Sessions

BCREA would like to thank all the REALTORS® who participated in this year’s annual Government Liaison (GL) Days live sessions on May 4 and 5. Realtors from across the province convened virtually to learn about policies to address the two issues of improving housing supply and energy efficiency in homes. In addition to discussion around

PODCAST: What Does the Public Really Think About the Hot Market? (April 2021)

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On this month’s episode of Open House by BCREA, Research Co. president Mario Canseco shares the results of his recent public opinion survey which asked British Columbians about their thoughts on the current hot housing market. From the causes of the historically busy market to Realtor practice, and government intervention, the public weighs in. [div

Federal Budget Recap: Foreign Buyers Tax Concerning, Other Measures Welcomed

On April 19, Canada’s Minister of Finance Chrystia Freeland introduced the Liberal government’s first budget since the beginning of the COVID-19 pandemic. The budget provides significant funds to many programs, including several to assist homeowners and renters, increasing the federal deficit by an estimated $382 billion, but also includes measures which are concerning to BCREA.

What to Know About BCREA’s Government Liaison Days Happening in May

Government Liaison (GL) Days is an annual event where REALTORS® meet with MLAs across BC, speaking with a united voice to advocate for key housing-related issues and improving Quality of Life in BC communities. This event has a long history, first taking place in Victoria in 1988. Due to COVID-19, participants won’t be able to

PODCAST: How to Manage Risk in BC’s Current Housing Market (March 2021)

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On this month’s episode of Open House by BCREA, we highlight best practices and ways for REALTORS® to manage risk in BC’s current housing market. From client conversations, to offer presentations and documentation, Real Estate Board of Greater Vancouver Professional Standards Manager and BCREA instructor Kim Spencer takes you through it all. We also talk

What happens if your client or close contact tests positive for COVID-19?

If being in the midst of a global pandemic wasn’t enough, with BC’s historically busy housing market, REALTORS® are operating under extenuating circumstances and are faced with balancing health and safety with serving their clients best interests. As a result of COVID-19, you have adapted your practices to ensure your clients and the community at

REALTORS® and COVID-19: Three Tips for Working During the Hot Market

In February’s episode of Open House by BCREA, our monthly podcast for REALTORS®, host Tony Joe and his guests – former Real Estate Board of Greater Vancouver President and current Vancouver-area Realtor Phil Moore, and lawyer Brian Taylor – explore some of the challenges and opportunities of working in a historically busy market during COVID-19.

PODCAST: Challenges and Opportunities in a Hot Market During COVID-19 (February 2021)

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On this month’s episode of Open House by BCREA, host Tony Joe is joined by Vancouver-area REALTOR® Phil Moore, and lawyer and BCREA Legally Speaking author Brian Taylor to talk about the challenges Realtors are facing in a hot market during COVID-19, and how to turn some of those into opportunities. [div id=”buzzsprout-player-8031027″][/div] [script src=”https://www.buzzsprout.com/831562/8031027-challenges-and-opportunities-in-a-hot-market-during-covid-19.js?container_id=buzzsprout-player-8031027&player=small”

Updated Guidance for Real Estate Practice During COVID-19

UPDATE (January 14, 2021): As the spread of COVID-19 continues to be a concern, restrictions from the Provincial Health Officer (PHO) on social gatherings and non-essential travel, and a requirement for masks in public indoor spaces are still in effect until at least February 5, 2021. Updated guidance on safer showings from BCREA, the Real

Three Online Courses to Consider During BCREA’s Holiday Promotion

By Ellen Baragon, Guest Contributor Looking to end the year by brushing up on your skills or getting a head start on 2021 professional development requirements? Register for any of BCREA’s online PDP courses before December 31 and get 20% off the regular price with promo code HOLIDAY20. Six new online courses were introduced this

Apply to Become a BCREA Director for the 2021-22 Term

Applications are now being accepted for individuals interested in becoming a REALTOR® or public director on the BCREA Board of Directors for the 2021-22 term. To request an application package, contact your local real estate board or email [email protected] Deadline to submit your application package is January 15, 2021. “We’re really here to help guide

Webinar Recording: 2021-22 BCREA Directorship Information Session

On November 30, BCREA hosted a virtual information session for individuals interested in learning more about becoming a BCREA REALTOR® or public Director for the 2021-22 term. The session, held via webinar, was hosted by Chair of the Nominating Committee Tanis Read, a featured BCREA Board of Directors Chair Anthony Bastiaanssen, BCREA CEO Darlene Hyde,

Stock Up on Online Courses with a Special Offer This Holiday Season

By Ellen Baragon, Guest Contributor Tired of getting the same old gifts of socks and ties at holiday time? BCREA is currently offering all online professional development courses at 20% off the regular course price, so you can give yourself the gift of knowledge this holiday season. From November 27 to December 31, REALTORS® can

Three Things to Know About the Land Owner Transparency Act and Registry

On November 30, the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR) will come into effect. With them come new reporting requirements, filed by legal professionals, when an application is made to register an interest in land. To help REALTORS® and your clients get ready for LOTA and LOTR, here are three

REALTORS® Encouraged to Continue Safe Business Practices in Light of New Public Health Orders

With new health orders announced by the Provincial Health Officer (PHO) on November 19, BCREA encourages REALTORS® to continue COVID-19-conscious business practices, which includes using virtual tools when possible, to market, show, and view properties to help slow the spread of COVID-19. The PHO’s recent announcement and order extends the ban on social interactions and

New Index Created for Quick Access to BCREA Standard Forms Resources

With a variety of new resources having been created over the last several months – including the Standard Forms Resource Centre, the Fall 2020 Standard Forms and accompanying training materials – we have created a way for Realtors to easily find exactly what you need to help your practice. The Standard Forms Resources Index enables

Register for BCREA’s 2021-22 Directorship Application Webinar

On November 30 at 11:00am, BCREA will be hosting a virtual information session for individuals interested in learning more about becoming BCREA REALTOR® or public Director for the 2021-22 term. The session will be held via webinar and will be hosted by BCREA Chair Anthony Bastiaanssen, CEO Darlene Hyde, and Chair of the Nominating Committee

VIDEO: Help Your Clients Understand the Property Disclosure Statement

BCREA has created a video for REALTORS® to share with clients to help them better understand the Property Disclosure Statement (PDS). The PDS is one of the most frequently used standard forms and it allows sellers to disclose facts about the condition of the property so that buyers can make informed decisions when considering purchase

Land Owner Transparency Registry Filings Required Beginning November 30

The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. How does this affect your practice? Beginning on November 30, 2020,

Forms 2020: Post-Launch Webinar Recording and Resources

BCREA hosted a Q&A webinar for Realtors

On September 29, BCREA hosted a webinar to answer questions REALTORS® had after two weeks of using the new and revised standard forms and clauses that were included in our Fall 2020 Standard Forms Release. The webinar – which featured a panel including BCREA Chief Operating Officer Corinne Caldwell, Professional Services Manager Jennifer Lynch, and

Three Election Questions REALTORS® Can Ask Candidates

BC voters go to the polls on October 24, 2020

As all parties focus on COVID-19 economic recovery in the lead-up to October’s provincial election, BCREA is advocating for market housing affordability to be a key part of the next government’s post-election plans. For BC’s REALTORS®, meeting with candidates is a great opportunity to ask questions and suggest that the next government focuses on these

PODCAST: Episode 11 – What the Provincial Election Means for BC Real Estate

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On Episode 11 of Open House by BCREA, we talk about the upcoming provincial election and what it means for the real estate sector in BC. Joining us for a conversation is BCREA VP Government Relations and Stakeholder Engagement Trevor Hargreaves. He shares the key priorities and recommendations BCREA and the province’s real estate boards will

REALTORS® Invited to Webinar to Discuss New and Revised Standard Forms

Realtors are invited to a webinar regarding the Fall 2020 Standard Forms Release

Last week, BCREA released seven new standard forms, three new clauses, and a significant number of revisions to existing forms as a part of our Fall 2020 Standard Forms Release. As a part of our ongoing efforts to ensure Realtors and managing brokers are provided with relevant information to support you in understanding these changes

Why It’s Time to Start Thinking About a Radon Gas Test

By Ellen Baragon, Guest Contributor September 23 is the last opportunity for REALTORS® to attend the BCREA webinar, Radon and Real Estate: Understanding New Developments for Practice in BC. Delivered by the BC Lung Foundation in collaboration with BCREA, the first three instances of this webinar – which earns Realtors two accredited PDP hours upon

New and Revised Standard Forms Now Available on WEBForms®

The new and revised standard forms and clauses included in BCREA’s Fall 2020 Standard Forms Release are now available on WEBForms®. Seven new standard forms, three new clauses, and a significant number of revised forms have been released, as BCREA continues to help Realtors enhance their professionalism and adapt to trends and changing best practices.

Get to Know the New and Revised Standard Forms Coming in September

With less than a month to go before BCREA’s Fall 2020 Standard Forms Release on September 16, REALTORS® now have the opportunity to view advance copies of the new and revised forms, clauses and accompanying resource guides. BCREA has developed a pre-launch package that includes previews of the new and revised forms and clauses (watermarked

Forms 2020: New Standard Forms and Clauses

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, seven new standard forms and three new clauses will be released on September 16, 2020. Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. The following is a summary of the upcoming new standard forms and clauses with

Forms 2020: Revised Standard Forms

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, ten revised standard forms will be released on September 16, 2020 Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. The following is a summary of the revised standard forms with brief descriptions outlining why they were created

Forms 2020: Updated Signature Blocks

By Ellen Baragon, Guest Contributor As part of BCREA’s Fall 2020 Standard Forms Release, the signature blocks on more than 20 standard forms have been updated and will be released on September 16, 2020. Find out more about BCREA’s Fall 2020 Standard Forms Release at bcrea.bc.ca/forms2020. After a recent review of the brokerage signature blocks

PODCAST: Episode 10 – Fall 2020 Standard Forms Release Preview

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On Episode 10 of Open House by BCREA, we preview the Fall 2020 Standard Forms Release with BCREA Professional Services Manager Jennifer Lynch. In our conversation, we outline what new and revised forms and clauses are coming, and how you can begin to familiarize yourself with the forms now. [div id=”buzzsprout-player-5176396″][/div] [script src=”https://www.buzzsprout.com/831562/5176396-fall-2020-standard-forms-release-preview.js?container_id=buzzsprout-player-5176396&player=small” type=”text/javascript” charset=”utf-8″][/script] This

Get Ready for BCREA’s Fall 2020 Standard Forms Release

On September 16, BCREA will release seven new standard forms, three new clauses and a number of revised forms on WEBForms®. The new forms will be accompanied by guides that will also be posted on WEBForms®, while additional resources on the revised forms will be made available on the Standard Forms Resource Centre. What forms

Standard Forms Resource Centre Now Available: Here’s What You Need to Know

BCREA Standard Forms Resource Centre

BCREA’s new Standard Forms Resource Centre is now available for REALTORS® and managing brokers! The comprehensive platform is the new go-to for standard forms training materials and resources and was created to help REALTORS® and managing brokers make the most of BCREA standard forms and raise the bar professionally. To access the Standard Forms Resource

PODCAST: Episode 9 – Does Racism Exist in Real Estate?

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On Episode 9 of Open House by BCREA, we ask the question: does racism exist in real estate in Canada? Joining our discussion and to help explore solutions we welcome three guests: Bethany King, a Black Toronto-area Realtor who is advocating for change; Satnam Sidhu, a BC Realtor with 40 years of experience and time spent

Rent Repayment Plans and Other Residential Tenancy Updates

Rent payment being made by cheque

With an announcement on July 20, the BC Government is giving landlords and tenants information to help them plan for the near future. The ban on residential evictions for non-payment of rent will be lifted before September 1, which means full rent will be due in September. Repayment plans The government has published a repayment

PODCAST: Episode 8 – A REALTOR®’s Guide to Radon Gas

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Episode 8 of Open House by BCREA, A REALTOR®’s Guide to Radon Gas, features a conversation about radon gas and real estate with Dr. Noah Quastel, Director of Law and Policy for Healthy Indoor Environments at the BC Lung Foundation. Radon gas isn’t new, but it’s certainly something that Realtors continue to learn about. BCREA

Standard Forms Spotlight: What You Need to Know About BCREA Standard Forms

This is the first post in “Standard Forms Spotlight,” a regular series of blog posts that will help REALTORS® enhance their understanding and build their knowledge of the many intricacies around provincial standard forms and clauses used in real estate transactions in BC. Learn more about what you can expect in the monthly series here.

Live Online Course and FAQ Created for REALTOR® Education About Radon Gas

Radon gas is an odourless and colourless radioactive gas that occurs naturally throughout BC

With questions about radon gas recently added to the Property Disclosure Statement in April 2020, REALTORS® may be looking to brush up on their knowledge about the odourless and colourless radioactive gas that occurs naturally throughout BC and which, if accumulated in homes and other buildings, can become a health risk. As a result, BCREA,

PODCAST: Episode 6 – How to Stay Productive During COVID-19

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Episode 6, How to Stay Productive During COVID-19, features a conversation with Chris Linsell, a staff writer at The Close. Chris is an experienced REALTOR® from the United States and now focuses most of his time on writing about real estate. He joins us to discuss his recent article “21 Hidden Opportunities for Realtors Under

Property Disclosure Statement Revised and Released Alongside New Online Course

The British Columbia Real Estate Association (BCREA), in collaboration with the provincial Standard Forms Committee, BC’s 11 real estate boards and other stakeholders, has updated the Property Disclosure Statement (PDS). The updated PDS is now available on WEBForms®. What are the changes to the form? As a response to several issues impacting the BC real

BCREA Creates Notice & Acknowledgement Form for Use During COVID-19 Pandemic

Woman signing a contract or form

The British Columbia Real Estate Association (BCREA) has created a new Standard Form, the Notice & Acknowledgement form, for use by REALTORS® during the COVID-19 pandemic. It is now available on WEBForms®. With the practice of real estate having changed since the outbreak of COVID-19, your clients may have many questions and concerns over how

PODCAST: Episode 5 – Conducting Business During COVID-19

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Episode 5, Conducting Business During COVID-19, features a conversation with Kim Spencer, also known as the “Ethics Guy.” He is a PDP instructor and Manager of Professional Standards at the Real Estate Boards of Greater Vancouver, and on this episode discusses moral, ethical, and practical questions related to REALTORS® working during the COVID-19 pandemic. [div

Staying Secure When Using Zoom and Other Video Conferencing Tools

Professionals connect via video conferencing

REALTORS®, like many other professionals who rely heavily on face-to-face interaction to conduct business, have quickly had to change the way they meet with colleagues and clients during the COVID-19 pandemic. While the change may be a lot for some, tools like Zoom have made meeting virtually easier than ever. But a significant increase in

PODCAST: Episode 4 – COVID-19 Standardized Clauses, and Financial Support

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[div id=”buzzsprout-player-3304732″][/div] [script src=”https://www.buzzsprout.com/831562/3304732-covid-19-standardized-forms-and-financial-support.js?container_id=buzzsprout-player-3304732&player=small” type=”text/javascript” charset=”utf-8″][/script] Open House by BCREA is a monthly podcast where REALTORS® will find the latest real estate news and feature conversations with experts on issues related to real estate practice in BC. Learn more about the show here. Episode 4, COVID-19: Standardized Clauses, and Financial Support, features conversations with BCREA’s

PODCAST: Episode 3 – The Impact of COVID-19 on REALTORS®

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[div id=”buzzsprout-player-3136519″][/div] [script src=”https://www.buzzsprout.com/831562/3136519-the-impact-of-covid-19-on-realtors.js?container_id=buzzsprout-player-3136519&player=small” type=”text/javascript” charset=”utf-8″][/script] Open House by BCREA is a monthly podcast where REALTORS® will find the latest real estate news and feature conversations with experts on issues related to real estate practice in BC. Learn more about the show here. Episode 3, The Impact of COVID-19 on REALTORS®, features conversations with BCREA

Three Ways to Virtually Show a Property During COVID-19

Realtors can get creative to continue to show properties without the risk associated with in-person showings

REALTORS® are being challenged to meet obligations to clients who they entered into a business relationship with before social distancing orders came into effect and to meet the needs of new clients who may need to buy or sell despite the pandemic. This means they’re often caught in the crossfire of client expectations and civic

2019 BCREA Annual Report Now Available

The 2019 British Columbia Real Estate Association (BCREA) Annual Report is now available for viewing. This year, the report was created in the form of a microsite and can be accessed at bcreaannualreport.ca. With 2020 in full swing, the 2019 Annual Report explores the key focus areas and outcomes achieved at BCREA last year in

Changes to REALTOR® Education in Response to COVID-19

A student takes notes during an online class

Since the World Health Organization’s (WHO) announcement of the COVID-19 pandemic on March 11, the BCREA Education team has been working closely with the province’s 11 real estate boards to ensure REALTORS® will be able to continue their professional development. We support real estate boards that have chosen to reschedule or cancel in-person course offerings,

A Year-in-Review: BCREA’s 2019 Highlights

2019 was an eventful year at the BC Real Estate Association (BCREA), and in the real estate sector as a whole. Building on new and existing relationships and driven by a commitment to innovation and collaboration, we continued to work hard to serve BC’s 11 real estate boards. Here are a few of the highlights!

PODCAST: Episode 2 – The Changing Landscape of Strata Insurance in BC

Open House by BCREA logo

[div id=”buzzsprout-player-2854297″][/div] [script src=”https://www.buzzsprout.com/831562/2854297-the-changing-landscape-of-strata-insurance-in-bc.js?container_id=buzzsprout-player-2854297&player=small” type=”text/javascript” charset=”utf-8″][/script] Open House by BCREA is a monthly podcast where REALTORS® will find the latest real estate news and feature conversations with experts on issues related to real estate practice in BC. Learn more about the show here. Episode 2, The Changing Landscape of Strata Insurance in BC, features a

BC Government Presents Stay-The-Course Budget

Minister Carole James delivers the 2020 Budget to stakeholders and journalists.

BC’s Budget 2020 offers some new investments to assist homeowners and their communities, but falls short of substantial changes to improve housing affordability. We’re pleased by the promise of an additional $419 million investment over three years to support CleanBC for home and workplace electric vehicle charging stations and new pilot programs to further reduce

Changes to Stress Test Mean Good News for British Columbians

Canada's Parliament Hill and Parliament Buildings, the seat of the federal government of Canada, taken from the back side of the building

The advocacy of BCREA and other stakeholders has resulted in the Federal Minister of Finance Bill Morneau announcing changes to the mortgage stress test. The stress test is used to determine the minimum qualifying rate for mortgages. The new benchmark rate will be the weekly median five-year fixed insured mortgage rate from mortgage insured applications,

Strata Insurance: Action from BCREA

Insurance agent complete wooden model of the house with last piece with text insurance.

Many strata owners are facing significant increases in insurance premiums and deductibles. While the word “crisis” is used often in media articles, BCREA believes long-term government policy changes should be made very carefully and with as much information as possible. There are about 30,000 strata corporations in BC and at least one-quarter of the population

Three Tips for Managing REALTOR® Risk from Leslie Howatt of E&O

Leslie Howatt from Errors and Omissions Insurance Corporation talking in front of a microphone during the BCREA podcast recording

Whether it’s home insurance for homeowners, life insurance for families, or business insurance for business owners, insurance is a big part of life. Former international soccer star David Beckham reportedly had his legs insured for 195 million dollars. And it makes sense – if you’ve got something you value, you protect it. But Beckham’s protection