This news release was amended to correct inaccuracies regarding potential conflicts of interest, disclosures regarding remuneration and to add comment on the impact of the Rule changes. The corrections are italicized for clarity. Vancouver, BC – June 15, 2018. On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how …
Vancouver, BC – May 2, 2018. The British Columbia Real Estate Association (BCREA) is pleased to announce that Penticton REALTOR® James Palanio has been elected as its 2018-2019 President. “I’m very pleased to be BCREA’s President,” says James Palanio. “This has been a period of significant change in our profession. We will be employing a …
Vancouver, BC – April 30, 2018. BCREA today released the following statement: As the organization representing REALTORS® in BC for more than 40 years, the British Columbia Real Estate Association (BCREA) strongly disapproves of any unethical activities that reduce housing affordability, take advantage of consumers or undermine transparency. “Such practices don’t reflect the standards that …
Vancouver, BC – March 27, 2018. The British Columbia Real Estate Association (BCREA) was pleased to see more details of the proposed speculation tax. Refinement of the areas of the province where the tax applies and the introduction of different rates for different owners indicate a more strategic approach, and provide greater certainty. We look …
Victoria, BC – February 20, 2018. The British Columbia Real Estate Association (BCREA) calls on the government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018. The new tax measures come into effect on February 21, 2018. The Property Transfer Tax (PTT) increase to 5 per cent …