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INDUSTRY INSIGHTS
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BCREA Standard Forms Housekeeping Amendments Spring 2022On 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.Posted May 18, 2022
by Jim McCaughan -
Resources to Help REALTORS® and Your Clients Navigate Extreme ClimateBe prepared for unexpected wildfires and flooding this season.Tags: Climate Change Preparedness Flood Protection Flood Risks Floodplain Mapping Wildfire Season WildfiresPosted May 13, 2022
by Pearl Zhou -
Housing Market Update – May 2022Watch BCREA Chief Economist Brendon Ogmundson discuss the April 2022 statistics.Tags: Housing Market Update VideosPosted May 13, 2022
by Brendon Ogmundson -
Markets at a GlanceThese 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…Posted May 12, 2022
by Ryan McLaughlin -
BC Home Sales Trending Toward Normal ActivityBCREA 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.Posted May 12, 2022
by Brendon Ogmundson -
BC Real Estate Boards Named Finalists for 2022 Real Estate Land AwardsThe Real Estate Foundation of BC recently announced the finalists for its 2022 Land Awards recognizing outstanding projects and standout leaders in the province.Posted May 09, 2022
by Pearl Zhou -
New BC Real Estate Association Report Estimates Impacts of Increased Supply on BC Housing MarketBCREA’s latest Market Intelligence Report finds that policies designed to streamline the development cycle are effective at mitigating demand shocks and corresponding price increases.Posted May 03, 2022
by Brendon Ogmundson -
BCREA NowcastThe BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for February 2022 is 5.7 per cent.
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Federal Budget 2022: Taxation of Property Flipping, GST and Assignment Sales #548The 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.Posted Apr 28, 2022
by Peter Borszcz -
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.Posted Apr 28, 2022
by Pearl Zhou -
UPDATE: COVID-19 Recovery DashboardThe BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery.Posted Apr 27, 2022
by Ryan McLaughlin -
Five Things REALTORS® Should Know About Real Estate and the EconomyHere 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.Posted Apr 19, 2022
by Mackenzie Smith -
Safety and Manufactured Homes Pilot Project: Resources for Sellers and BuyersThis pilot project is the collective effort of the BCREA, Association of Interior REALTORS® and Technical Safety BC.Tags: Manufactured HomePosted Apr 14, 2022
by British Columbia Real Estate Association -
Strong First Quarter for BC Housing Markets, But Rising Rates Loom LargeThe 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.Posted Apr 12, 2022
by Brendon Ogmundson -
How the 2022 Federal Budget Impacts BC Real EstateOn 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 SupplyPosted Apr 08, 2022
by Matt Mayers -
Cybersecurity Tips for REALTORS®: Multifactor AuthenticationEnsuring your digital accounts are secure online prevents hackers from obtaining not just your sensitive information, but also private client information.Posted Apr 08, 2022
by Pearl Zhou