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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.

  • Cannabis Cultivation: Conversations for REALTORS® and Homeowners

    Published Nov 09, 2018
    On October 17, it became legal for Canadians to grow cannabis in their own homes. Still, just because it is legal, it doesn’t mean it is a good idea. Read more on the implications for homeowners and buyers, and questions REALTORS® may receive from clients who want to grow cannabis.
    • Government Relations

    Changes to Property Transfer Tax Return

    Published Sep 17, 2018
    Changes to the Property Transfer Tax (PTT) return are now in effect. These changes are expected to provide the BC Government with better tools to ensure property buyers are not evading taxes they owe and increase evidence of true real estate ownership.
    • Government Relations

    Responding to Rule Changes

    Published Jan 18, 2018
    As you know, the Real Estate Council of British Columbia is preparing to implement the rule changes to eliminate limited dual agency and require additional disclosures. Those changes take effect on March 15, 2018, and the decision to change the rules came from the Office of the Superintendent of Real Estate, which has oversight over the Council.
    • Practical Points

    Income Sprinkling Restrictions Simplified

    Published Jan 11, 2018
    On December 13, the federal Minister of Finance announced a plan to simplify changes to the Income Tax Act. For the 2018 tax year, several categories of business owners will be exempt from the new rules on income sprinkling.
    • Government Relations

    New Study on Profitability of Rental Housing

    Published Jan 04, 2018
    According to a recent study, purpose-built rental apartments often bring low returns, but these projects continue to be in demand.
  • National Housing Strategy Aligns With BCREA Positions

    Published Dec 15, 2017
    On November 22, the federal government released its new National Housing Strategy. The strategy commits $40 billion over ten years through federal funding, provincial and territorial grant matching and low-interest loans.
  • Latest Development in REALTOR® Safety

    Published Dec 07, 2017
  • 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