The new BC Home Flipping Tax comes into effect on January 1, 2025. But how does it compare to the federal property flipping tax? Check out our full breakdown.
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Resources & Tips
Comparing the BC Home Flipping Tax and Federal Property Flipping Tax: What REALTORS® and Their Clients Need to Know
Legally Speaking
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 that REALTORS® should understand and avoid.
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
December Sales Mark a Strong Final Quarter of 2024
BCREA reports that 4,484 residential unit sales were recorded in MLS® Systems in December 2024, up 24.7 per cent from December 2023.
Professionalism & Practice
2025 BC Property Assessments
The 2025 BC Property Assessments are now available online through BC Assessment, and homeowners can expect to receive their notices in the mail by the end of January 2025.
Economics
BCREA Nowcast
The BCREA Nowcast estimate of provincial economic growth for October 2024 is 1.3 per cent, a slight uptick from September.
Economics
Housing Monitor Dashboard
Check out the latest housing trends on the BCREA Housing Monitor Dashboard.
Economics
Mortgage Rate Forecast
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.
Economics
Housing Market Update – December 2024
Watch BCREA Chief Economist Brendon Ogmundson discuss the November 2024 statistics.
Economics
Sales Continue Normalizing Trend in November
BCREA reports that 5,841 residential unit sales were recorded in MLS® Systems in November 2024, up 25.7 per cent from November 2023.
Advocacy
BCREA Petitions BC Government to Adopt Province-Wide Drug Home Remediation Standards
In the wake of a newly published study on drug home remediation practices in British Columbia, BCREA has petitioned the BC Government, recommending a slate of province-wide remediation standards.
Legally Speaking
Taking a Break for Managing Brokers #579
Managing brokers can take a well-deserved break while ensuring their brokerage runs smoothly with a well-prepared broker delegate. Find out the key steps to appointing the right person.
Economics
Commercial Leading Indicator Conveys Slower Commercial Activity in Third Quarter of 2024
In the third quarter, the BCREA Commercial Leading Indicator fell 0.2 points to 145.6, while the six-month moving average also fell to 145.7.
Advocacy
New Report Calls for British Columbia-Wide Standards for Remediating Homes Used in Drug Production
The report highlights the need for consistent remediation practices to ensure health and safety while restoring drug-impacted homes to the housing market.
Economics
Housing Markets Post Strong Rebound in October
BCREA reports that 7,119 residential unit sales were recorded in MLS® Systems in October 2024, up 33.5 per cent from October 2023.
BCREA
BC Real Estate Association Named One of the Best Workplaces™ in BC for 2024
BCREA has again been named one of the Best Workplaces™ in British Columbia for 2024.
Economics
BCREA 2024 Fourth Quarter Housing Forecast: Home Sales Building Momentum Heading Into 2025
BCREA economists forecast home sales to rise by 2.6 per cent in 2024, with momentum carrying forward into an even busier 2025.
Legally Speaking
Navigating Change: Essential Takeaways on the Updated Standard Form Contract of Purchase and Sale #578
The standard form Contract of Purchase and Sale – Residential is getting a major update to include GST in the Purchase Price by default, here’s what you need to know before the changes go live on November 12, 2024.
BCREA
BC Organizations Launch In-Home Danger Radon Gas Public Awareness Campaign
The campaign aims to educate British Columbians about radon and encourage the purchase of test kits.
Economics
Regional Disparities Emerging in BC Housing Market Activity
BCREA reports that 5,579 residential unit sales were recorded in MLS® systems in September 2024, up a little under 1 per cent from September 2023.
Advocacy
BC Real Estate Association Urges Comprehensive Review of BC Housing Taxes
With the BC election less than two weeks away, BCREA is calling for major housing tax reform aimed at increasing affordability and fairness in the province.
Legally Speaking
Radon: What You Should Know about This Invisible Health Hazard #577
This article explains what you need to know about radon, why it matters in real estate transactions, and how to manage this issue effectively when representing buyers or sellers.
BCREA
BCREA is Seeking Public Directors to Join Our Board of Directors for the 2025-2026 Term
BCREA is seeking REALTOR® and public Directors to join our Board of Directors for the 2025-26 term.
BCREA
Two ARELLO Awards Highlight BCREA’s Commitment to Service and Excellence
BCREA won two 2024 Association of Real Estate License Law Officials awards recognizing outstanding communication systems and educational programs related to real estate regulation and practice in North America.
Advocacy
BC Real Estate Association Calls for Review of BC’s Short-Term Rental Ban
BCREA is calling for amendments to BC’s short-term rental laws to mitigate the disruption they’ve caused for business and tourism sectors across the province.
Advocacy
BCREA Highlights Five Critical Housing Issues as BC Election Approaches
The lead-up to the BC election is officially underway and BCREA would like to outline the details of the pre-election campaign we are launching.
Advocacy
BCREA Launches Housing Policy Resource Hub for 2024 BC Election
Ahead of the 2024 Provincial General Election, BCREA has launched a housing policy resource hub intended to help British Columbians make informed decisions at the polls.
Economics
Sales Slow in August, but Falling Rates Should Drive Activity Higher in the Fall
BCREA reports that 5,943 residential unit sales were recorded in MLS® systems in August 2024, a 10 per cent decrease from August 2023.
Economics
Building the Future: Unlocking the Production Potential of BC’s Housing Sector
Despite BC’s increased construction pace, more aggressive reforms and a major construction workforce expansion are needed to improve housing affordability in the province.
Legally Speaking
Not Just a Name: REALTOR® Due Diligence with Third-Party Referrals #576
When referring clients to other professionals like mortgage brokers or lawyers, REALTORS® should do so carefully and skillfully to avoid legal or regulatory issues.
BCREA
BCREA Staff Authors Appear Monthly in Real Estate Magazine
BCREA is excited to announce the launch of an ongoing editorial partnership with Real Estate Magazine, Canada’s premier magazine for real estate professionals.