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Current Housing Trends

Mortgage Rate Forecast

Economic growth patterns are being driven by tariff avoidance in the first quarter, but signs of slowing are emerging.

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REALTOR®’s Duty: Acting in the Best Interest of the Client #586

REALTORS® must always act in the best interests of their client. In this article, we break down what that means in practical terms.

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, and Instagram.

Check out the series below.

<< CEO Video Archive Home
The Need for Innovation in Canadian Real Estate

June 25, 2024

Change is coming to the real estate and housing sectors in BC and Canada. Innovation is more important than ever. BCREA CEO Trevor Koot discusses how we can move beyond an environment of protectionism and move into the future.

Transcript

A saying I heard a while ago that people around me have heard me repeat a lot is, “People hate two things: change and the way things are.” So when we talk about change, it’s natural for organizations, or the people affected by those changes, to have trepidation.

It’s also hard for organizations within the real estate industry – or any other industry – to have open conversations about change when so much of what’s got us to this point is based on legacy.

So how then do we break out of a mould of protectionism and move toward innovation? And the answer lies with leadership.

Leadership need to not only be able to articulate the future that they see – the opportunities that lie ahead of them. But more than that, the leadership need to be empowered to move toward that future and that vision that they articulate to all the stakeholders.

As we navigate a tenuous economic environment with divergent social expectations, broadening regulatory mandates, and rapidly evolving technologies, the repercussions of stagnation are going to come quickly and be incredibly impactful.

Change is upon us. Innovation is more important than ever.

As leaders in your industry, articulate your vision and make your decisions not based on legacy and entrenchment in the past, but on the future you see for your organization and for your industry.

BCREA Standard Forms Launch

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Explore BCREA’s new course, Ready, Set, Know: REALTOR® 2025 Edition – your go-to for BC real estate’s most current and practical topics.