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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.

    • Education

    A New Kind of PDP Offering: PDP OnDemand

    Published Jul 10, 2015
    BCREA is pleased to announce the first two PDP OnDemand offerings: Episode 1 of the Strata Talks series, which explores depreciation reports and Episode 1 of the Broker Talks series, which looks at broker FINTRAC audit experiences.
    • Education

    New Online, 6-credit PDP Course: Customer Service Excellence and the REALTOR® Brand

    Published Jun 16, 2015
    Join renowned industry trainer Gerald Clerx and real estate industry facilitator Charles Holmes as they share proven techniques and tools to take your customer service from ordinary to extraordinary.
    • Government Relations

    Input Wanted: Examples of Wetlands Conservation

    Published Jun 03, 2015
    The Okanagan Basin Water Board is looking for innovative examples of long-term protection of wetlands or other conservation values on private land in the Agricultural Land Reserve. Learn more and provide your examples.
    • Education

    Brokers: Enhance Your FINTRAC Compliance – Have Your Office Take the New FINTRAC Course

    Published May 11, 2015
    A new online FINTRAC course, FINTRAC: Compliance for REALTORS®, Brokers and Broker Managers, is available for 3 PDP credits through REvia: the Real Estate Knowledge Network.
    • Education

    Expanded PDP Online Learning Opportunities

    Published May 05, 2015
    Worried about meeting your education requirements? It's now easier than ever to fulfill your Professional Development Program (PDP) requirements by taking some or all of your credits online.
    • Government Relations

    National Disaster Mitigation Program Begins

    Published Apr 23, 2015
    In January, Public Safety Canada announced that the National Disaster Mitigation Program (NDMP) would begin in April 2015. At last, on April 17, more information was released in a call for proposals from provincial and territorial governments.
    • Real Estate Sector

    Client Incentives for Purchasing an Older Home

    Published Apr 01, 2015
    It can be a challenging task for a REALTOR® to convince a client that an “aged” house could be a diamond in the rough and for many, the idea of tackling a renovation is a nonstarter. Learn a few useful tips to assist when helping your clients with the purchase of an older home in BC.
    • Economics

    Implications of Falling Oil Prices for the BC Housing Market

    Published Feb 05, 2015
    The recent dramatic fall in oil prices has far reaching implications across all facets of the Canadian economy. We have already seen a surprise cut in interest rates from the Bank of Canada, with possibly more to come, as well as a deep decline in the Canadian dollar.
    • Education

    Launch of the New Residential Trading Services Applied Practice Course

    Published Feb 03, 2015
    On behalf of the Real Estate Council of British Columbia, BCREA launched the new Residential Trading Services Applied Practice Course this January. Feedback to date indicates that the new course will bring a higher standard of knowledge, practical skills and professionalism to BC licensees.
    • Government Relations

    Disaster Mitigation Funding on the Way

    Published Jan 19, 2015
    The federal government and the insurance industry have seen costs related to flooding and severe weather increase significantly in recent years and have announced that the National Disaster Mitigation Program (NDMP) will begin on April 1, 2015.
    • Economics

    Multi-family Housing Expected to Dominate New Home Construction

    Published Dec 11, 2014
    A myriad of factors can impact housing demand. A change in interest rates, the level of employment, wages, taxation and even consumer confidence can have a marked influence on the demand for living space. However, over the long term, population growth is perhaps the most significant indicator of housing demand.
    • Education

    New Applied Practice Courses Resources for Managing Brokers

    Published Nov 25, 2014
    BCREA is pleased to announce that to help bring a higher standard of knowledge, practical skills and professionalism to BC licensees, its new Applied Practice Courses will go live in 2015. To help managing brokers be in the know about these redesigned courses for their new licensees, BCREA has made several resources available.
    • Get to Know BCREA

    Interested in Serving as a BCREA REALTOR® Director?

    Published Nov 10, 2014
    BCREA has opened the call for REALTOR® applicants for three Director positions on the Association’s 2015-2016 Board of Directors.
    • Real Estate Sector

    October is Power Smart Month!

    Published Oct 01, 2014
    October is a great time for REALTORS® to educate their clients on the benefits of purchasing a Power Smart new home or of buying an older home and making energy efficient upgrades.
    • Government Relations
    • Practical Points

    REDMA Changes Impact Disclosure, Rescission, Deposits

    Published Sep 17, 2014
    When the financial market crashed in 2008, many buyers who had signed pre-sale contracts before the downturn reconsidered their contracts. This led to several court cases in which the BC courts applied a very strict and very consumer-friendly interpretation of the Real Estate Development Marketing Act (REDMA).
    • Education

    Measuring Success of the New PDP

    Published Aug 19, 2014
    As part of its Professional Development Program (PDP) Launch Change Management Plan, BCREA committed to preparing a launch assessment report, approximately six months after the November 2013 launch of the new program.
    • Economics
    • Statistics

    For Local Housing Markets, One Ratio Does Not Fit All

    Published Jul 25, 2014
    REALTORS®, market analysts and economists frequently describe the housing market as balanced, meaning that the supply of listings and the demand from potential homebuyers is in equilibrium. Measures have been devised over the years as a guidepost for that balance, usually taking the form of the ratio of home sales to new or active listings. The attractiveness of these ratios, in that they are simple to calculate and understand, has meant that analysts often take one-size-fits all type approach when analyzing markets. However, as the popular saying goes, all real estate is local.
    • Education

    New REvia Anti-Spam Course Now Available

    Published Jul 23, 2014
    Canada’s Anti-Spam Legislation came into effect on July 1, 2014, and BCREA is pleased to announce that the new Canada’s Anti-Spam Legislation: Guidance for REALTORS® course is now available. This new course, which is accredited for three Category B Professional Development Program (PDP) credits, will help you stay in the know of your anti-spam requirements.
  • New PDP Category C Industry Pilot Event Announced

    Published May 27, 2014
    • Economics

    Posted Five-Year Mortgage Rate Hits Record Low

    Published May 15, 2014
    History was made in the first half of 2014 as some chartered banks lowered their posted five-year mortgage rate (the qualifying rate for high-ratio mortgage approval) to 4.79 per cent, the first time the five-year posted fixed rate has ever been below 5 per cent.