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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.

  • Revised PTT Return

    Published Nov 21, 2017
    As of November 27, 2017, the BC Government will require a new version (version 29) of the Property Transfer Tax (PTT) return. The following new information will be collected by lawyers and notaries when completing the PTT return:
  • Update on Changes to the Income Tax Act

    Published Nov 02, 2017
    In July 2017, the federal government announced far-reaching changes to the Income Tax Act that would affect private corporations.
    • Government Relations

    Mortgage Underwriting Changes Could Harm Homebuyers

    Published Oct 27, 2017
    On October 17, the federal Office of the Superintendent of Financial Institutions (OSFI) announced new restrictions on uninsured mortgages.
  • Consumer Rights and Real Estate Practice

    Published Oct 24, 2017
    In early September, the Office of the Superintendent of Real Estate published draft rule to real estate practice. This action flows from the June 2016 Independent Advisory Group report.
    • Government Relations

    BCREA’s Response to Regulating Cannabis in BC

    Published Oct 19, 2017
  • Looking Forward to Housing Affordability

    Published Sep 27, 2017
    • Government Relations

    More Info: Draft Changes to Real Estate Practice

    Published Sep 22, 2017
    • Education

    Strata Manager Accountability

    Published Sep 21, 2017
    Some conflicts between REALTORS® and strata managers are due to not knowing the other's roles and responsibilities. To try to get that straight, BCREA worked with strata manager and owner organizations on a brief description: Strata Transactions: Roles of REALTORS® and Strata Managers.
  • Do PRECs Need to Register with WorkSafeBC?

    Published Sep 12, 2017
    Do Personal Real Estate Corporations need to register with WorkSafeBC? This question has come up a couple of times recently, so here's the answer: it depends.worksafebc_logo
    • Government Relations

    Proposed Changes to Mortgage Underwriting Practices: BCREA’s Response

    Published Aug 16, 2017
    • Government Relations

    Potential Tax Planning Changes

    Published Aug 10, 2017
    The federal government has proposed several changes to the Income Tax Act that could affect personal real estate corporations in BC. Until October 2, the government is accepting feedback on its proposals, which will impact a wide variety of Canadians.
  • A Consumer’s Right to Choose

    Published Jul 24, 2017
    • Government Relations

    The new BC government and BCREA’s work

    Published Jul 18, 2017
  • Bank of Canada Raising Its Target

    Published Jul 12, 2017
    In light of Canada’s robust economy and a significant amount of economic slack being absorbed, the Bank of Canada announced this morning that it is raising its target for the overnight rate by 25 basis points to 0.75 per cent.
  • Standard Forms Updates

    Published Jul 06, 2017
    • Government Relations

    Groundwater Licensing for Shared Wells

    Published Jun 28, 2017
  • 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.