The BCREA is the professional association for about 23,000 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.

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Housing Market Update Video Webcast (JuLy 2019) 

Watch BCREA Deputy Chief Economist Brendon Ogmundson discuss the June 2019 statistics:

BC Home Sales Trend Lower in June

BCREA reports reports that a total of 6,960 residential unit sales were recorded by the MLS® in June, a decline of 11.8 per cent from the same month last year. . . more >>

BCREA Market Intelligence Report: The Impact of the B20 Stress Test on BC Home Sales in 2018 (July 2019)

Summary findings include: the decline in home sales in 2018 was largely due to market factors like interest rates and affordability; without the stress test, home sales in BC would have been about 7,500 sales—or 10% higher—in 2018, and approximately $500 million in BC economic activity was lost due the B20 stress test.

Read the full report here

Mortgage Rate Forecast (June 2019)

The big news in the Canadian mortgage market is the return of sub 3 per cent five-year mortgage rates. The last year of mortgage rate increases has essentially been erased by an acute repricing of bond market expectations. . . more >>   

Legally Speaking (June 2019)

Legally Speaking is an essential newsletter, published 12 times a year, for all professionals involved in real estate transactions. In this issue:
Features: Mike Mangan - Liability for Strata Insurance Deductibles

Read the issue here. For an email subscription to Legally Speaking, click here.

BCREA 2019 Second Quarter Housing Forecast

In its 2019 Second Quarter Housing Forecast, BCREA reported that MLS® residential sales in the province are forecast to decline 9 per cent to 71,400 units this year, after recording 78,346 residential sales in 2018. . . more >>