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

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 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.

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.

Economics Softening Home Sales but Prices Remain Firm Across BC

BCREA reports that a total of 4,630 residential unit sales were recorded in MLS® systems in November 2023, an increase of 2.2 per cent from November 2022.

Economics BC Markets Finding Balance at Low Levels of Activity

BCREA reports that a total of 5,373 residential unit sales were recorded in MLS® systems in October 2023, an increase of 1.8 per cent from October 2022.

Economics Renewed Bank of Canada Tightening Slows Sales Activity

BCREA reports that a total of 5,531 residential unit sales were recorded in MLS® systems in September 2023, an increase of 10.4 per cent from September 2022.

Economics Sales Trend Slightly Lower in August

BCREA reports that a total of 6,608 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in August 2023, an increase of 15.7 per cent from August 2022.

BCREA CREA Changing National Login System

CREA’s National Login System is getting an upgrade for a better user experience and increased security on September 26. Learn more about the changes and what you need to do.

Economics Bank of Canada Upends Summer Sales Recovery

BCREA reports that a total of 7,103 residential unit sales were recorded in MLS® systems in July 2023, an increase of 25.9 per cent from July 2022.

Economics Strong Start to the Summer, But Higher Interest Rates Loom

BCREA reports that a total of 8,740 residential unit sales were recorded in MLS® systems in June 2023, an increase of 21.9 per cent from June 2022.

Economics Strong Rebound for BC Home Sales in May

BCREA reports that a total of 9,191 residential unit sales were recorded in MLS® systems in May 2023, an increase of 9.9 per cent from May 2022.

Economics Lack of Inventory Creating Tighter Market Conditions Across BC

BCREA reports that a total of 7,427 residential unit sales were recorded in MLS® systems in April 2023, a decrease of 17.7 per cent from April 2022.

Economics BC Markets Showing Signs of Recovery As Supply Remains Scarce

BCREA reports that a total of 7,118 residential unit sales were recorded in MLS® systems in March 2023, a decrease of 38.3 per cent from March 2022.

Economics Provincial Housing Market Showing Signs of Recovery Heading into Spring

BCREA reports that a total of 4,775 residential unit sales were recorded in MLS® systems in February 2023.

Economics Housing Market Activity Off to a Slow Start in 2023

BCREA reports that a total of 3,047 residential unit sales were recorded in MLS® systems in January 2023, a decrease of 50.3 per cent from January 2022.

Economics Home Sales Decline in 2022 After a Record 2021

BCREA reports that 80,874 residential unit sales were recorded by MLS® in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021.

Economics Housing Market Activity Remains Slow in November

BCREA reports that a total of 4,512 residential unit sales were recorded by the MLS® in November 2022, a decrease of 50.8 per cent from November.

Economics BC Home Sales Remain Slow While Active Listings Plateau

BCREA reports that a total of 5,242 residential unit sales were recorded by the MLS® in October 2022, a decrease of 45.5 per cent from October 2021.

Economics BC Market Activity Remains Subdued in September

BCREA reports that a total of 4,977 residential unit sales were recorded by the MLS® in September 2022, a decrease of 45.8 per cent from September 2021.

Economics BC Housing Market at Historically Low Level of Supply

The British Columbia Real Estate Association reports that a total 9,593 residential unit sales were recorded by the MLS® in October 2021, a decrease of 13.7 per cent from October 2020.

Economics Record-Low Supply Keeps Market Conditions Tight in September

The British Columbia Real Estate Association reports that a total 9,164 residential unit sales were recorded by the MLS® in September 2021, a decrease of 19.9 per cent from September 2020.

Legally Speaking Learning from an RECBC Discipline Decision #535

Starting in 2016, the real estate profession has seen numerous regulatory changes, including increased fines, new regulations, greater involvement from the Real Estate Council of BC.

Legally Speaking Pitfalls in Transactions Involving Strata Condominiums #516

A recent Civil Resolution Tribunal decision highlights some important practice points for licensees in transactions involving strata…

Legally Speaking Verify Accuracy in Listing Information #421

Most REALTORS® and members of the public recognize the MLS®as an invaluable tool in the purchase and sale of property…

Legally Speaking Shopping Centre Lease – Injunction to Prevent Landlord from Demolishing Mall; Appraiser’s Failure to Red Flag Inexact Comparables was Negligent #345

The arrival of the “big box power centres” should lead owners or property managers of existing, enclosed mall shopping centres to reexamine their…

Legally Speaking Conduct of Sales Proceedings #182

An exclusive conduct of sale given in court ordered proceedings for the sale of property is normally limited to a stated period of time and usually gives the person with conduct of sale the right to…

Legally Speaking UFFI WARRANTY – Vendor Warrants That the Building Does Not Contain Urea Formaldehyde Foam Insulation #134

This is a common warranty given either at the request of the prospective purchaser, or of the mortgage company considering an application by the purchaser for financing…

Legally Speaking Commission – Purchaser’s Default #90

You have a listing agreement with a vendor, a binding contract of sale is signed but the sale collapses because of the vendor’s refusal to complete…

Legally Speaking Expired Listing Purchased by Person Previously Shown Property by Licensee #54

There is probably no more frustrating experience for a licensee than to discover that after the listing had expired, a person who had been shown the property by the licensee, had purchased it…