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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.

    • Economics

    Checking in with the BC Economy

    Published Sep 11, 2013
    The first half of 2013 is unfolding more or less as forecast. Economic growth has been sub-par for several months and job creation has subsequently lagged. BC consumers have all but closed their wallets, leading to the lowest rate of growth in retail sales since the 2009 recession. However, we are beginning to see encouraging signs that the economy is, if not turning the corner, at least on more solid footing.
    • Education

    Grow With Us: New PDP Coming November 2013

    Published Aug 27, 2013
    BCREA and its 11 member boards are proud to announce significant improvements to the PDP, which will begin to roll out in November 2013.
    • Real Estate Sector

    Check Out BCREA's New Quality of Life Video!

    Published Aug 08, 2013
    BCREA is thrilled to announce that its new Quality of Life video is now available online to help REALTORS®, member boards and the Association demonstrate their commitment to improve Quality of Life in BC.
    • Education

    BCREA and REBA Launch Managing Broker Research Project

    Published Aug 07, 2013
    BCREA and the Real Estate Brokers Association (REBA) are undertaking a Managing Broker Education Research Project.
    • Economics

    Got to Admit It's Getting Better

    Published Jul 19, 2013
    The Vancouver housing market seems to have bottomed out recently following close to a year of very weak demand. However, demand has picked up considerably since May.
    • Government Relations

    Moving Forward: Floodplain Maps in BC

    Published Jul 15, 2013
    In April, BCREA published its Floodplain Maps Action Plan, which outlines 21 key actions to update existing floodplain maps around the province and keep them current.
    • Economics

    Interprovincial Migration: Go East! (But Stop at Alberta)

    Published Jun 27, 2013
    In 2012, BC finished the year with the largest net outflow of inter-provincial migration in over a decade. Generally, the main reason is jobs and BC has been falling behind other provinces when it comes to creating jobs.
    • Government Relations

    Floodplain Mapping: Planning to Avoid Disaster

    Published Jun 25, 2013
    While the BC government offers aid to Alberta in its time of crisis, BCREA and other stakeholders urge action in this province.
    • Practical Points

    Council Rule Change: Updated Standard Forms

    Published Jun 17, 2013
    REALTORS® should note that in compliance with the Real Estate Council of British Columbia's new Rules 3-3.1 and 3-3.2, several revised BCREA standard forms will be available on July 2.
    • Economics

    Exploring the Case for a Rate Cut

    Published Apr 29, 2013
    The April 2013 Bank of Canada monetary policy report (MPR) included a significant lowering of the Bank's growth and inflation forecast from their previous projection in January.
    • Education

    BCREA Signs On for Fall 2013 Launch of the New National Real Estate Virtual College

    Published Mar 22, 2013
    BCREA is pleased to announce its three-year investment in the new National Real Estate Virtual College that will launch this fall.
    • Economics

    How Much Does Chinese Economic Growth Matter to the Vancouver Housing Market?

    Published Mar 12, 2013
    Economists at the Canadian Conference Board wrote about the strong impact that the Chinese economy has on the Vancouver housing market. While we agree that the Chinese economy has an impact on the Vancouver market, we would argue that the impact is far less direct than was implied.
    • Economics

    Tracking the BC Economy - 2012 Real GDP Growth

    Published Mar 06, 2013
    Provincial economic data is available at an annual level only and with a very long lag. Therefore, the BCREA economics team has developed a monthly growth tracker to estimate monthly growth in BC real GDP.
    • Government Relations

    2013 Housing Affordability Symposium: Working on BC Housing Solutions

    Published Feb 13, 2013
    In collaboration with The Canadian Home Builders Association of British Columbia and BC Housing, BCREA is proud to once again sponsor this year's Housing Affordability Symposium.
    • Get to Know BCREA

    Interested in being a BCREA Director?

    Published Feb 09, 2013
    As part of BCREA’s recent governance changes, the BCREA Board will now include two public Board members in addition to nine REALTOR® directors. As such, the Board is presently seeking candidates for the two volunteer public Board member positions and welcomes interest from qualified individuals.
    • Economics

    The Myth of the "Hot" Condo Market

    Published Jan 29, 2013
    Over the past four years, policymakers in Ottawa have deemed it necessary to restrain mortgage credit with the most impactful change coming from a shortening of amortizations on high-ratio mortgages from 40 to 25 years.
    • Government Relations

    BCREA Floodplain Maps Workshop, March 8

    Published Jan 07, 2013
    On March 8, with generous funding from the Real Estate Foundation of British Columbia, BCREA will host a workshop for stakeholders to explore concrete steps that can be taken to update existing floodplain maps and keep them current.
    • Economics

    Unprecedented Tranquility in Canadian Mortgage Rates

    Published Jan 04, 2013
    In 2012, there was very little movement in mortgage rates. In fact, the volatility of mortgage rates, as measured by a rolling 52-week standard deviation of the 5-year fixed rate, reached at least a 32 year low in 2012.
    • Economics

    BC Economy Grew 2.8 per cent in 2011

    Published Nov 20, 2012
    Statistics Canada’s annual publication of Provincial Economic Accounts was released earlier this week.
    • Education

    Phase II Applied Practice Course Redesign: Approved!

    Published Oct 11, 2012
    BCREA is thrilled to report that the Real Estate Council of British Columbia (Council) recently approved the Association’s recommendations for Phase II of the Association's applied practice course redesign.