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Housing Market Update – April 2024
Watch BCREA Chief Economist Brendon Ogmundson discuss the March 2024 statistics.
Posted Apr 17, 2024
by Brendon Ogmundson
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Pent-up Demand Continues to Build as Sales Remain Slow
BCREA reports that a total of 6,460 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2024, a decline of 9.5 per cent from March 2023
Posted Apr 15, 2024
by Brendon Ogmundson
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Everything You Wanted to Know About Short-Term Rental Changes #571
The BC Government introduced the Short-Term Rental Accommodations Act, prompting questions among REALTORS® and homeowners, today we explore the most common ones.
Posted Apr 03, 2024
by Peter Borszcz
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BCREA Public Website and BCREA Access Get a New Look
Discover the exciting features coming to BCREA’s public website and BCREA Access on April 30, 2024.
Posted Apr 02, 2024
by Ivonne García
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BCREA Nowcast
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for January is 1.1 per cent.
Posted Mar 28, 2024
by Brendon Ogmundson
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BCREA Board of Directors 2024-2025: Tim Ayres Leads Provincial Real Estate Organization
BCREA is pleased to announce that Sooke REALTOR® Tim Ayres has been elected as its 2024-2025 Chair at the BCREA Annual General Meeting on March 26, 2024.
Posted Mar 27, 2024
by Bill Yu
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BC REALTORS® Advocate for a Pre-Offer Period
BC REALTORS® gathered from March 10-12 in Victoria to address government liaison issues and meet with local MLAs during BCREA’s GL Days.
Posted Mar 26, 2024
by Mark Sakai
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Mortgage Rate Forecast
Expectations of financial markets for the timing and magnitude of monetary easing by the Bank of Canada shifted substantially toward more aggressive rate cuts on the horizon.
Posted Mar 25, 2024
by Brendon Ogmundson
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Markets at a Glance
These charts provide year-to-date information on the pace of MLS® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales.
Posted Mar 18, 2024
by Ryan McLaughlin
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Provincial Housing Market Relatively Calm Heading into Spring
BCREA reports that a total of 5,497 residential unit sales were recorded in MLS® systems in February 2024, an increase of 15.3 per cent from February 2023.
Posted Mar 13, 2024
by Brendon Ogmundson
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More Trouble Than It Is Worth – Analyzing the Impacts and Consequences of the Provincial Flipping Tax
In this Market Intelligence, we will look at the potential impact of this policy on the BC housing market and draw out some of its potential consequences.
Posted Mar 07, 2024
by Brendon Ogmundson
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From Foundation to Finish – Understanding the Nuances of Owner-Built Homes for REALTORS® #570
Understanding the nuances of purchasing newly built homes from developers, residential builders, or owner-builders is crucial for both buyers and REALTORS®.
Posted Mar 05, 2024
by Oana Hyatt
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Commercial Leading Indicator Jumps in Fourth Quarter 2023
In the fourth quarter, the BCREA Commercial Leading Indicator (CLI) rose 3.8 points to 149.5 , and the six-month moving average rose to 147.4
Posted Mar 01, 2024
by Ryan McLaughlin
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BC Government Announces New Housing Measures in 2024 Budget
Finance Minister Katrine Conroy unveiled the government’s Budget 2024, featuring new housing measures such as the BC Home Flipping Tax and various property transfer tax exemptions.
Posted Feb 27, 2024
by Brenna Friesen
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Housing Monitor Dashboard
The BCREA Economics team has created the Housing Monitor Dashboard to help REALTORS® monitor BC’s housing market.
Posted Feb 26, 2024
by Ryan McLaughlin
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New BCREA Course Dives Into Best Practices When Interacting With Powers of Attorney and Executors
BCREA’s new course, Navigating Transactions Involving Powers of Attorney and Executors, guides learners through the knowledge to proficiently manage transactions involving powers of attorney and executors.
Posted Feb 13, 2024
by Kate Case
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Housing Market Activity Picks Up to Start 2024
BCREA reports that a total of 3,979 residential unit sales were recorded in MLS® systems in January 2024, an increase of 29.4 per cent from January 2023.
Posted Feb 13, 2024
by Brendon Ogmundson
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Under the Covers (of Snow) – Winter Real Estate Transaction Considerations #569
Real estate deals occur around the clock throughout the year. Yet, when transactions take place in the winter, both buyers and sellers, along with their REALTORS®, need to think about a few extra things.
Posted Feb 06, 2024
by Amy Peck
by Bill Yu 
