The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for April 2024 is 2.1 per cent.
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Economics BCREA Nowcast 
Economics Housing Monitor Dashboard 
The BCREA Economics team has created the Housing Monitor Dashboard to help REALTORS® monitor BC’s housing market.
Economics Mortgage Rate Forecast
Despite the Bank of Canada lowering its policy rate, fixed mortgage rates may not drop significantly as markets have already priced in the expected rate cuts.
Resources & Tips The Homeowner’s Guide to Navigating Wildfire Season 
Extreme events like wildfires can affect you and your home, so we have prepared some resources to help you make informed decisions when buying or selling it.
Economics Housing Market Update – June 2024
Watch BCREA Chief Economist Brendon Ogmundson discuss the May 2024 statistics.
Economics 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.
Economics Markets Remain in Balance Heading into Summer
BCREA reports that 8,075 residential unit sales were recorded in MLS® systems in May 2024, a 11.6 per cent decrease from May 2023.
Resources & Tips Newly Updated Video Explains the Contract of Purchase and Sale – Residential Form to Consumers 
BCREA has created a new video to help consumers better understand what’s involved in the preparation of the Contract of Purchase and Sale for a particular property.
Legally Speaking Breaking Up is Hard to Do: What Happens When a Licensee Leaves a Brokerage? #573 
Today we explore what happens with listing agreements, contracts, commissions, trade transferability, and confidentiality when a licensee departs from a brokerage.
Economics Commercial Leading Indicator Fell in First Quarter 2024
In the first quarter, the BCREA Commercial Leading Indicator 3.2 points to 145.5, and the six-month moving average fell to 146.5.
Resources & Tips Five Insurance Tips for Wildfire Season
BC’s wildfire season has gotten off to an early start and while there are some things homeowners can do to make their properties more wildfire-resilient, managing wildfire risk largely comes down to homeowner insurance.
Economics New Listings Bounce Higher in April
BCREA reports that 7,569 residential unit sales were recorded in MLS® systems in April 2024, an increase of 1.5 per cent from April 2023.
Legally Speaking It’s Finally Here: The Short-Term Rental Accommodations Act #572 
Explore the impact of the Short-Term Rental Accommodations Act and its implications for REALTORS®, buyers, and sellers.
Resources & Tips A Consumer’s Guide to Home Energy Retrofits
Retrofits are a smart investment for homeowners, offering a range of benefits beyond just lowering energy costs. Learn more about them here!
BCREA Get to Know the New BCREA Public Website
Discover the exciting features on our brand-new public website and BCREA Access.
Advocacy Building Hope: Canada’s Housing Plan in Budget 2024 
Canada’s federal budget 2024 unveiled an ambitious Housing Plan to address the housing crisis, and improve attainability.
Economics Pent-up Demand Continues to Build as Sales Remain Slow
BCREA reports that a total of 6,460 residential unit sales were recorded in MLS® systems in March 2024, a decline of 9.5 per cent from March 2023.
Legally Speaking 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.
BCREA 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.
News Releases 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.
Advocacy 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.
Economics 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.
Economics 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.
Legally Speaking 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®.
Advocacy 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.
Economics 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.
Legally Speaking 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.
Economics The 2023 Housing Market was Defined by High Rates and Slow Sales
BCREA reports that 73,109 residential unit sales were recorded by MLS® in 2023, a 9.2 per cent decline from 80,506 units sold in 2022.
Legally Speaking Powers of Attorney: A Minefield for REALTORS® #568
REALTORS® should exercise extreme caution when dealing with clients using powers of attorney for real estate transactions.