BCREA and CMBA-BC are calling upon the BC Government to amend and refine recent changes to the Residential Tenancy Act.
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Advocacy
BC Real Estate Association and Canadian Mortgage Brokers Association – BC Identify Significant Issues with Changes to Residential Tenancy Act
BCREA
BC Real Estate Association Named Best Workplaces™ in Real Estate & Construction for 2024
BCREA has been named one of the Best Workplaces™ in Real Estate & Construction for 2024 after a thorough, independent analysis conducted by Great Place to Work®.
Economics
Housing Market Update – July 2024
Watch BCREA Chief Economist Brendon Ogmundson discuss the June 2024 statistics.
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.
Economics
Home Sales Continue at Below Average Pace in June
BCREA reports that 7,082 residential unit sales were recorded in MLS® systems in June 2024, a 19 per cent decrease from June 2023.
Legally Speaking
Landlords Take Notice – Recent Amendments to BC Tenancy Legislation #574
Here’s everything you need to know about the Tenancy Statutes Amendment Act (Bill 14) and how it can affect your clients.
Economics
BCREA Nowcast
April 2024 saw a 2.1 per cent year-over-year GDP growth in BC according to the BCREA Nowcast, versus 1.1 per cent for Canada.
Economics
Housing Monitor Dashboard
June’s Housing Monitor Dashboard highlights an increase in active listings across BC.
Economics
Mortgage Rate Forecast
With the Bank of Canada lowering its policy rate, there is some expectation that fixed mortgage rates should also fall in Q3 2024.
Resources & Tips
The Homeowner’s Guide to Navigating Wildfire Season
Extreme events like wildfires can affect you and your home, so we have prepared some resources to help you make informed decisions when buying or selling it.
Economics
Markets Remain in Balance Heading into Summer
BCREA reports that 8,075 residential unit sales were recorded in MLS® systems in May 2024, a 11.6 per cent decrease from May 2023.
Resources & Tips
Newly Updated Video Explains the Contract of Purchase and Sale – Residential Form to Consumers
BCREA has created a new video to help consumers better understand what’s involved in the preparation of the Contract of Purchase and Sale for a particular property.
Legally Speaking
Breaking Up is Hard to Do: What Happens When a Licensee Leaves a Brokerage? #573
Today we explore what happens with listing agreements, contracts, commissions, trade transferability, and confidentiality when a licensee departs from a brokerage.
Economics
Commercial Leading Indicator Fell in First Quarter 2024
In the first quarter, the BCREA Commercial Leading Indicator 3.2 points to 145.5, and the six-month moving average fell to 146.5.
Resources & Tips
Five Insurance Tips for Wildfire Season
BC’s wildfire season has gotten off to an early start and while there are some things homeowners can do to make their properties more wildfire-resilient, managing wildfire risk largely comes down to homeowner insurance.
Economics
New Listings Bounce Higher in April
BCREA reports that 7,569 residential unit sales were recorded in MLS® systems in April 2024, an increase of 1.5 per cent from April 2023.
Legally Speaking
It’s Finally Here: The Short-Term Rental Accommodations Act #572
Explore the impact of the Short-Term Rental Accommodations Act and its implications for REALTORS®, buyers, and sellers.
Resources & Tips
A Consumer’s Guide to Home Energy Retrofits
Retrofits are a smart investment for homeowners, offering a range of benefits beyond just lowering energy costs. Learn more about them here!
BCREA
Get to Know the New BCREA Public Website
Discover the exciting features on our brand-new public website and BCREA Access.
Advocacy
Building Hope: Canada’s Housing Plan in Budget 2024
Canada’s federal budget 2024 unveiled an ambitious Housing Plan to address the housing crisis, and improve attainability.
Economics
Pent-up Demand Continues to Build as Sales Remain Slow
BCREA reports that a total of 6,460 residential unit sales were recorded in MLS® systems in March 2024, a decline of 9.5 per cent from March 2023.
Legally Speaking
Everything You Wanted to Know About Short-Term Rental Changes #571
The BC Government introduced the Short-Term Rental Accommodations Act, prompting questions among REALTORS® and homeowners, today we explore the most common ones.
BCREA
BCREA Public Website and BCREA Access Get a New Look
Discover the exciting features coming to BCREA’s public website and BCREA Access on April 30, 2024.
News Releases
BCREA Board of Directors 2024-2025: Tim Ayres Leads Provincial Real Estate Organization
BCREA is pleased to announce that Sooke REALTOR® Tim Ayres has been elected as its 2024-2025 Chair at the BCREA Annual General Meeting on March 26, 2024.
Advocacy
BC REALTORS® Advocate for a Pre-Offer Period
BC REALTORS® gathered from March 10-12 in Victoria to address government liaison issues and meet with local MLAs during BCREA’s GL Days.
Economics
Provincial Housing Market Relatively Calm Heading into Spring
BCREA reports that a total of 5,497 residential unit sales were recorded in MLS® systems in February 2024, an increase of 15.3 per cent from February 2023.
Economics
More Trouble Than It Is Worth – Analyzing the Impacts and Consequences of the Provincial Flipping Tax
In this Market Intelligence, we will look at the potential impact of this policy on the BC housing market and draw out some of its potential consequences.
Legally Speaking
From Foundation to Finish – Understanding the Nuances of Owner-Built Homes for REALTORS® #570
Understanding the nuances of purchasing newly built homes from developers, residential builders, or owner-builders is crucial for both buyers and REALTORS®.
Advocacy
BC Government Announces New Housing Measures in 2024 Budget
Finance Minister Katrine Conroy unveiled the government’s Budget 2024, featuring new housing measures such as the BC Home Flipping Tax and various property transfer tax exemptions.