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BCREA Blog

The BCREA Blog is a platform for sharing the latest education news, economics statistics, issues relating to the profession and links to valuable resources for REALTORS®, stakeholders and the public.

  • SPECIAL FEATURE: IMPACT OF THE FOREIGN BUYER TAX

    Published Jun 22, 2017
    On August 1, 2016, the provincial government implemented an additional 15 per cent Property Transfer Tax on all residential sales transactions by foreign entities in Metro Vancouver.
  • Residential Flood Insurance, Demystified

    Published Jun 08, 2017
    Rivers, streams, and lakes overflowing, and brigades of volunteers vainly trying to save the homes around them by deploying sandbags and anything else they can find to stop the rising waters. While we've seen these images in the media many times, no one expects a flood to happen in their community – yet it does. And as we've seen lately, as a country, we're failing to protect Canadians from flood and to educate them about this increasing risk.
    • Government Relations

    What Will the NDP-Green Alliance Mean for Real Estate?

    Published May 31, 2017
    • Government Relations

    Floodplain maps will help us rebuild better

    Published May 24, 2017
    Over the past few weeks, major floods have devastated parts of British Columbia, Quebec and other areas of the country. Find out what's being done to update BC's floodplain maps.
  • BCREA’s Plan to Improve Housing Affordability

    Published Apr 20, 2017
    On April 19, BCREA announced a five-pillar approach to address housing affordability for renters, homebuyers and homeowners across British Columbia.
    • Economics

    What the 2016 Census Really Says About Vacant Homes in Vancouver

    Published Feb 14, 2017
    With the release of the 2016 Canadian census came resurrected headlines proclaiming fresh evidence of a housing crisis in which tens of thousands of units are sitting empty in the Vancouver census metropolitan area.
    • Government Relations

    Historic Investment in Affordable Rental Housing

    Published Nov 29, 2016
    On September 19, the BC Government announced that it would create 2,900 affordable rental units across BC. The money for this initiative—a whopping $500 million—is available through the new Housing Priority Initiatives program, which is largely funded by the foreign buyers’ tax.
  • New PDP Course: Contract Bootcamp

    Published Nov 07, 2016
    On October 11, BCREA launched its new Professional Development Program (PDP) course, Contract Bootcamp. This course is exactly what it sounds like: a series of practical, real-life exercises designed specifically to improve the contract-writing muscle tone of BC REALTORS®. The bootcamp metaphor was chosen to stress the idea that writing enforceable contracts, like physical fitness, takes dedication, practice and repetition, even for professionals.
    • Government Relations

    Historic Affordable Housing Investment

    Published Oct 24, 2016
    On September 19, the provincial government announced that $500 million would be invested in affordable rental housing in BC, which would create 2,900 affordable rental units across BC.
    • Economics

    Federal Changes to Mortgage Insurance Rules

    Published Oct 20, 2016
    The Federal Government recently announced significant changes to regulations for new-government backed insured mortgages which could significantly impact access to affordable housing for low equity home buyers.
    • Government Relations

    New Superintendent of Real Estate and Council Members

    Published Oct 19, 2016
    BCREA congratulates Micheal Noseworthy on his new role as Superintendent of Real Estate and the nine new Real Estate Council of BC members.
    • Government Relations

    New Video: BCREA's Response to IAG Recommendations

    Published Sep 20, 2016
    Watch a video update from BCREA President Deanna Horn on the Association's recent activities and next steps in response to the Independent Advisory Group recommendations on BC real estate practice.
    • Education

    New Manufactured Homes, Online PDP Course

    Published Aug 15, 2016
    A new online PDP course, Manufactured Homes: What a REALTOR® Should Know, is now available to help you determine the manufactured home regulations and requirements for a sale.
    • Government Relations

    Public Trust: Changes Coming to Real Estate Practice

    Published Aug 10, 2016
    The first step to implementing the recommendations of the Independent Advisory Group (IAG) happened on July 28, with the approval of changes to the Real Estate Services Act (RESA).
    • Government Relations

    Property Transfer Tax for Foreign Nationals

    Published Aug 08, 2016
    Effective August 2, an additional 15 per cent Property Transfer Tax (PTT) for foreign nationals was announced which applies to residential real estate in the Greater Vancouver Regional District.
    • Education

    Learn About Land Types: New Online PDP Course

    Published Jul 04, 2016
    A new online course, Land Types: Knowing More About the Products for Sale, is now available to help REALTORS® stay in the know.
    • Economics

    BCREA's New Market Intelligence Reports

    Published Jun 29, 2016
    In response to hot topics in the media related to the real estate market, BCREA's Economics Team has compiled two Market Intelligence Reports to examine these trends.
    • Government Relations

    BCREA's Tax Calculators: Now Mobile!

    Published May 24, 2016
    Did you know that BCREA has an online tool to help you and your clients determine the taxes payable on the purchase of property in BC? Three calculators are available for your use, and they're now also accessible on your mobile device.
    • Government Relations

    New Contract Changes Related to Assignments to Benefit Consumers

    Published May 17, 2016
    Positive changes have recently been made to BC Contracts of Purchase and Sale which will help real estate consumers decide whether they want their contracts to be assignable.
    • Government Relations

    Water Sustainability Act: Groundwater Protection

    Published Apr 20, 2016
    On February 29, groundwater licensing began as the first phase of implementation of the new Water Sustainability Act in BC. Learn more about potential licensing requirements and regulations.