On Episode 12 of Open House by BCREA, we catch up with Real Estate Council of BC Professional Standards Advisor Marty Douglas and real estate lawyer Bruce Woolley. In the midst of a historically busy market, Marty and Bruce explore some of the commons questions Realtors and consumers have been asking, and offer advice on …
The Question I am asked for advice from licensees on potential claims daily. They often describe a scenario involving complex matters beyond the expertise of a licensee, such as taxes, structural issues/defects or complicated legal questions, like whether a contract is alive or dead? They want to know what they should do and what they …
To view the Market Intelligence Report PDF, click here. Summary Findings: Immigration is the most important driver of population growth in BC, with a growing share within the prime working-age and household-forming demographic. The global pandemic has resulted in a sharp drop in immigration and consequently BC reporting one of the lowest quarterly increases in …
Well, wasn’t that an amazing election? OK, perhaps it wasn’t exactly a barn-burner result, and the degree of policy discussion was, shall we say, disappointing. While we don’t know the final results yet (an estimated 500,000 mail-in votes are still to be counted), we do know the NDP will form a majority government. There are …
The new deadline for this consultation on changes to administrative penalties is November 13, 2020 (announced by the Office of the Superintendent of Real Estate and Real Estate Council of British Columbia on October 27, 2020). In mid-September, the Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of BC (RECBC) …
The British Columbia Real Estate Association (BCREA) has partnered with the Big Sisters of the Lower Mainland on a pilot basis to help connect young girls aged seven to 17 with female mentors in the Fraser Valley Real Estate Board (FVREB) area. About Big Sisters of the Lower Mainland Right now, Big Sisters of the …
On Wednesday, October 21, BCREA hosted a webinar and panel discussion to explore the impacts of the upcoming provincial election on the BC real estate sector. We discussed the key asks that BCREA and real estate boards will make of any new provincial government; the risks and opportunities for the real estate sector arising from …
Below is a comparison of the three main party’s platforms’ impact on real estate and housing. COVID-19 Economic Recovery Green Allocate $300 million to create a six-month rent subsidy program for small businesses. Liberal Eliminate the Provincial Sales Tax (PST) for one year and then set it at three per cent for subsequent years. Permanently …
In mid-September, over 1,200 REALTORS® took BCREA’s third survey on the economic impacts of COVID-19. Many Realtors are still experiencing financial difficulties, with 16 per cent reporting no income from transactions in August and September. This number is down from 26 per cent of respondents who reported receiving no income from transactions from May to …
For the complete news release, including detailed statistics, click here. Vancouver, BC – October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential …
As the federal government enters its next phase of economic recovery, new programs have been announced, while others have been modified or phased out. The following programs may benefit REALTORS® impacted by the economic effects of COVID-19. The Canada Emergency Wage Subsidy (CEWS) has been extended until summer 2021. CEWS provides a wage subsidy for …
By Ellen Baragon, Guest Contributor Improve your ability to assess client needs, hone your presenting skills, and strengthen your core competencies of agency, disclosure, and ethics in BCREA’s new Client Engagement Excellence: Assessing and Presenting Skills, a self-paced online course available now. Written by real estate client engagement expert Gerald Clerx, the course covers the practical …
Join the BC Real Estate Association (BCREA) on Wednesday, October 21 at 10:00 am PT to explore the impacts of the upcoming provincial election on the BC real estate sector. During this 75-minute webinar and expert panel discussion, we will review the key asks that BCREA and real estate boards will make of any new …
On September 29, BCREA hosted a webinar to answer questions REALTORS® had after two weeks of using the new and revised standard forms and clauses that were included in our Fall 2020 Standard Forms Release. The webinar – which featured a panel including BCREA Chief Operating Officer Corinne Caldwell, Professional Services Manager Jennifer Lynch, and …