INDUSTRY INSIGHTS

• Standard Forms
  BCREA Standard Forms Housekeeping Amendments Spring 2022
  On May 16, 2022, BCREA released several standard forms housekeeping amendments through CREA’s WEBForms®. Here’s a summary of the standard forms and revisions that are in the housekeeping amendments. 
  Tags: Housekeeping Amendments   Standard Forms   WEBForms^®  

  Posted May 18, 2022
  by Jim McCaughan
• Practice Tips
  Resources to Help REALTORS® and Your Clients Navigate Extreme Climate
  Be prepared for unexpected wildfires and flooding this season. 
  Tags: Climate Change Preparedness   Flood Protection   Flood Risks   Floodplain Mapping   Wildfire Season   Wildfires  

  Posted May 13, 2022
  by Pearl Zhou
• Economics
  Housing Market Update – May 2022
  Watch BCREA Chief Economist Brendon Ogmundson discuss the April 2022 statistics. 
  Tags: Housing Market Update   Videos  

  Posted May 13, 2022
  by Brendon Ogmundson
• Economics
  Markets at a Glance
  These charts provide year-to-date information on the pace of MLS^® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales… 
  Tags: BC Home Sales   Markets at a Glance  

  Posted May 12, 2022
  by Ryan McLaughlin
• Economics
  BC Home Sales Trending Toward Normal Activity
  BCREA reports that a total of 8,939 residential unit sales were recorded by the MLS® in  April 2022, a decrease of 34.9 per cent from a record April 2021. 
  Tags: BC Home Sales   Mortgages   Statistical Releases  

  Posted May 12, 2022
  by Brendon Ogmundson
• BCREA
  BC Real Estate Boards Named Finalists for 2022 Real Estate Land Awards
  The Real Estate Foundation of BC recently announced the finalists for its 2022 Land Awards recognizing outstanding projects and standout leaders in the province.  
  Tags: Land Awards   Real Estate Foundation  

  Posted May 09, 2022
  by Pearl Zhou
• Economics
  New BC Real Estate Association Report Estimates Impacts of Increased Supply on BC Housing Market
  BCREA’s latest Market Intelligence Report finds that policies designed to streamline the development cycle are effective at mitigating demand shocks and corresponding price increases.  
  Tags: BC Home Sales   Housing Supply   Increase Housing Supply   Market Intelligence   News Release  

  Posted May 03, 2022
  by Brendon Ogmundson
• Economics
  BCREA Nowcast
  The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for February 2022 is 5.7 per cent. 
  Tags: GDP   Nowcast  

  Posted May 02, 2022
  by Brendon Ogmundson
• Legally Speaking
  Federal Budget 2022: Taxation of Property Flipping, GST and Assignment Sales #548 
  The proposed federal budget for 2022 has introduced a number of new rules relating to real estate, including rules to dampen speculation in the market. REALTORS® should be aware of these changes. 
  Tags: Assignment   Federal Budget   GST   Taxes  

  Posted Apr 28, 2022
  by Peter Borszcz
• Home Insurance
  Inflation and the Rising Trend of Underinsured Claims: Tips for REALTORS®
  There has been a growing trend of underinsured claims across personal and commercial property lines over the past two years due to inflation and the rise material costs. 
  Tags: Home Insurance   Insurance Policies   Insurance Tips   Practice Tips  

  Posted Apr 28, 2022
  by Pearl Zhou
• Economics
  UPDATE: COVID-19 Recovery Dashboard
  The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery. 
  Tags: BC Economy   COVID-19   Economic Recovery  

  Posted Apr 27, 2022
  by Ryan McLaughlin
• Education
  Five Things REALTORS® Should Know About Real Estate and the Economy
  Here are five learning outcomes that Realtors should know about real estate and the economy from Economics for REALTORS®: How to Apply Economic Data and Trends to Help Your Clients. 
  Tags: Economics for Realtors   Online Courses  

  Posted Apr 19, 2022
  by Mackenzie Smith
• Advocacy
  Safety and Manufactured Homes Pilot Project: Resources for Sellers and Buyers
  This pilot project is the collective effort of the BCREA, Association of Interior REALTORS® and Technical Safety BC. 
  Tags: Manufactured Home  

  Posted Apr 14, 2022
  by British Columbia Real Estate Association
• Economics
  Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large
  The British Columbia Real Estate Associatio reports that a total of 11,463 residential unit sales were recorded by the MLS® in March 2022, a decrease of 24.1 per cent from a record March 2021. 
  Tags: BC Home Sales   Statistical Releases  

  Posted Apr 12, 2022
  by Brendon Ogmundson
• Advocacy
  How the 2022 Federal Budget Impacts BC Real Estate
  On April 7, Budget 2022 was introduced with a significant focus on the supply and affordability of housing in Canada.  
  Tags: Blind Bidding   Canadian Government   Climate Change Preparedness   Development Approvals   Federal Budget   Flipping   Foreign Buyer’s Tax   Foreign Buyers   Housing Affordability   Housing Supply  

  Posted Apr 08, 2022
  by Matt Mayers
• Practice Tips
  Cybersecurity Tips for REALTORS®: Multifactor Authentication
  Ensuring your digital accounts are secure online prevents hackers from obtaining not just your sensitive information, but also private client information. 
  Tags: Community of Practice   Cybersecurity   Information Technology   Managing Brokers  

  Posted Apr 08, 2022
  by Pearl Zhou