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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.

    • 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.
    • Government Relations

    Flood Mitigation Funding: Good News for 26 Communities (& More Action Needed)

    Published May 02, 2014
    The federal-provincial announcement that 26 flood mitigation projects in BC will receive funding is welcome news. The risk of flooding affects the entire province, and the damage can be widespread and catastrophic. This new funding will help these communities plan ahead.
  • More Ways to Earn PDP Credits: New Category C Expansion Pilot Announced

    Published May 01, 2014
    • Real Estate Sector

    National Ad Campaign: Communicating REALTOR® Value

    Published Apr 17, 2014
    On March 17, the Canadian Real Estate Association (CREA) launched its latest National Ad Campaign to communicate the value of working with a REALTOR® through several different media channels.
    • Education

    More Ways to Earn PDP Credits: Category C Expansion Research

    Published Apr 14, 2014
    Working in consultation with education staff from BC member boards, BCREA will be researching the expansion of the Professional Development Program (PDP) Category C education offerings to include industry-related events.
    • Real Estate Sector

    New Anti-Spam and FINTRAC Resources for REALTORS®

    Published Apr 11, 2014
    re you aware of the latest anti-spam or FINTRAC regulation requirements? The Canadian Real Estate Association’s (CREA) recently developed several new resources to assist you with compliance.
  • Oil Tanks: What to Know for Your Property Transaction

    Published Mar 25, 2014
    • Economics

    Interest Rates Heading Lower Again?

    Published Feb 28, 2014
    Improving economic growth, an increase in inflation and the dreaded taper were supposed to send long-term interest rates higher in 2014. Yet, through the first month of the year, Canadian interest rates have plummeted. So what happened?
    • Practical Points

    Search HPO Registries on the Go

    Published Feb 27, 2014
    Property research on your mobile device is now easier than ever, thanks to improvements to two Homeowner Protection Office (HPO) online registries.
    • Real Estate Sector
    • Government Relations

    BC Archaeology Regulations: What to Know

    Published Feb 27, 2014
    Given the potential costs and limitations to developing property containing a protected archaeological site, REALTORS® must ensure that known, protected sites on a property are disclosed as part of a real estate transaction.
    • Get to Know BCREA
    • Real Estate Sector

    Looking for what it takes to WOW clients?

    Published Feb 24, 2014
    BCREA's excited to announce a new Facebook page as part of its Journey of Discovery project. . Aptly titled "Extraordinary Moments in the Consumer Real Estate Experience," the posts tell the story of the incredible experiences REALTORS® are creating for clients, as well as highlighting ways to create even better experiences.
    • Real Estate Sector
    • Government Relations

    Help for First-Time Buyers

    Published Feb 19, 2014
    Effective for registrations on and after February 19, 2014, the Property Transfer Tax (PTT) exemption threshold under the First Time Home Buyers’ Program is increased to $475,000 from $425,000, with the partial exemption/phase out applying between $475,000 and $500,000.
    • Education

    Broker Education Research: Feedback Request

    Published Feb 06, 2014
    From July to October 2013, BCREA and the Real Estate Broker Association (REBA) conducted a Managing Broker Research Project to provide insights into the values and priorities of BC managing brokers regarding REALTOR® education. In order to identify and confirm strategic next steps, REBA and BCREA would now like BC REALTORS®’ feedback on the research findings.
    • Practical Points

    CMHC's Affordable Housing Resources

    Published Jan 30, 2014
    Did you know that Canada Mortgage and Housing Corporation’s (CMHC) website provides access to some of the most comprehensive affordable housing information available in Canada?