News Releases

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,

Real estate profession revises Professional Development Program for BC’s REALTORS®

Vancouver, BC – January 2, 2020 – With a redesigned Professional Development Program now in place, REALTORS® across BC are working to meet new professional development requirements. The British Columbia Real Estate Association (BCREA) and BC’s 11 real estate boards revised the Professional Development Program for REALTORS® in BC effective January 1, 2020. The changes

Brendon Ogmundson Steps Into Role of BCREA Chief Economist

Darlene Hyde, Chief Executive Officer of the BC Real Estate Association (BCREA), is pleased to announce the appointment of Brendon Ogmundson as Chief Economist for BCREA. Brendon has been with BCREA for nine years, most recently serving as Deputy Chief Economist. Earlier this year, he was awarded the Crystal Ball Award by the Association of

BC’s REALTORS® Welcome Government Recommendations

Vancouver, BC – May 13, 2019. The British Columbia Real Estate Association (BCREA) is encouraged by the recommendations set out by the Ministry of Finance’s Expert Panel on Money Laundering led by Maureen Maloney. As the voice of BC’s 23,000 REALTORS®, we appreciate recommendations that will bring more transparency and accountability to all professionals involved

BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

Vancouver, BC – April 15, 2019. Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments today to help protect BC’s housing market from money laundering. The participating organizations include the British Columbia Real Estate Association, the Appraisal Institute of Canada – BC Association, BC Notaries

BCREA Pleased With Housing Focus in Federal Budget 2019

Vancouver, BC – March 20, 2019. The British Columbia Real Estate Association (BCREA) is pleased with the measures announced in Budget 2019 that will help address housing affordability in British Columbia. REALTORS® in BC recognize that home ownership is a difficult goal to achieve for many British Columbians, and the policies announced in this budget

B-20 Stress Test Needs Revision to Improve Housing Affordability

Vancouver, BC – March 12, 2019. The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of

BCREA Supports BC Government’s Money Laundering Investigations

Vancouver, BC – November 27, 2018. As the provincial association for BC’s 11 regional real estate boards and 23,000 REALTORS®, the British Columbia Real Estate Association (BCREA) is deeply concerned by a recent news report that suggests up to $1 billion may have been laundered through Vancouver luxury real estate in 2016. BCREA continues to

Dynamic, Knowledgeable, Relatable: Meet the New BCREA!

Vancouver, BC – November 19, 2018. The British Columbia Real Estate Association (BCREA) is excited to launch a new brand identity reflecting the Association’s commitment to leadership and excellence in serving BC’s 11 regional real estate boards and 23,000 REALTORS®. “The new BCREA is dynamic, knowledgeable and relatable – just like the REALTORS® we serve,”