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Where mortgage rates go from here depends on how serious the US is about imposing punitively high tariffs on Canadian imports, and how Canada responds.

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Past Due: Expired Offers, Expired Contracts, and What To Do With Them #580

Missing deadlines in real estate contracts can lead to expired deals, and while some offers can be revived, doing so comes with risks and consequences.

1 on 1 with BCREA CEO Trevor Koot

Featuring BCREA CEO Trevor Koot, this monthly video series offers a unique look into both BCREA and the real estate and housing sectors at large.

A Place to Share Ideas

Once a month, BCREA CEO Trevor Koot steps in front of the camera to discuss housing and real estate topics relevant to both REALTORS® and the public. These videos are available on our YouTube channel playlist, LinkedIn, Facebook, Instagram, and X (formerly Twitter).

Check out the series below.

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BCREA CEO Trevor Koot on Accessibility and Affordability

April 18, 2024

Housing has become a major topic of discussion in BC and across the country, with accessibility and affordability at the forefront.

In this video, BCREA CEO Trevor Koot shares his thoughts on how everyone across the housing continuum has a role to play in the fixes for the current situation.

Transcript

“If we believe in housing, we have to stand up for it on principle, and we have to insist that it get built.” – BC Premier David Eby

We find ourselves in an environment in BC, in Canada, around the world, where a main topic of conversation of course is housing. And it’s not just housing in the form of real estate or development or investment. It’s accessibility. It’s affordability. It’s availability of housing for everyone – everyone across the housing continuum.

Everyone has a role to play in that conversation, but what we find happening is everyone is trying to scramble for solutions to a problem that is going to take years if not decades to solve.

“I’m Kevin Falcon, leader of BC United, and this is your average one-bedroom apartment here in Vancouver.” – Kevin Falcon

We see announcements coming out from government on a regular basis – a very regular basis – that becomes challenging for people to navigate. There’s sometimes unintended consequences as a result of some of those announcements.

Everybody has a voice. Everybody has a stake in where all of this is going. The challenge is that there’s no one solution. And we see that in the headlines all the time. We hear the announcements from the politicians. We hear an announcement that is a solution and then we see a headline that says, “This critic says this isn’t a solution” and “There is no solution.

There is an environment that is extremely tenuous for everyone involved where we have to work together. We have to come together. We have to figure out what the commonalities are. When there is an idea, it has to be vetted through a series of people. There has to be stronger collaboration to achieve an outcome that quite frankly everybody wants – and that is a province housed.