The BCREA is the professional association for more than 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

Real Estate Practices

Housing Market Update Video Webcast (March 2018) 

Watch BCREA Chief Economist Cameron Muir discuss the February 2018 statistics:

New Mortgage Qualification Rules Temper Housing Demand

BCREA reports that a total of 6,206 residential unit sales were recorded by the MLS® across the province in February, a 5.7 per cent decrease from the same period last year. . . more >>

BCREA 2018 First Quarter Housing Forecast Update

In its 2018 First Quarter Housing Forecast Update, BCREA reported that MLS® residential sales in the province are forecast to decline 8.6 per cent to 94,855 units in 2018, after decreasing 7.5 per cent in 2017. A record 112,209 unit sales were recorded in 2016. . . more >>

Mortgage Rate Forecast (March 2018)

Canadian mortgage rates have continued 2017’s upward trend. The five-year qualifying rate for insured mortgages bumped up 15 basis points to 5.14 per cent while discounted rates offered by lenders increased similarly to 3.39 per cent. . . more >>   

Real Estate and Development Industries Building Blocks of BC

The construction of residential homes of all kinds, shopping malls and office towers across the province is a foundation of BC’s economy. A new Economic Impact of the Development Industry Report says the development industry. . . more >>   

Government Needs Transitional Rules for All Transactions Impacted By Taxes Introduced in Budget 2018: New Taxes Unlikely to Stabilize Housing Market

BCREA calls on the government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018. The new tax measures come into effect on February 21, 2018. . .more >>