BC Home Sales Trend Lower in June

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, a decline of 11.8 per cent from the same month last year. The

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Housing Market Update Webcast July 2019

Watch BCREA Deputy Chief Economist Brendon Ogmundson discuss the June 2019 statistics. Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon OgmundsonDeputy Chief EconomistDirect: 604.742.2796Mobile: 604.505.6793Email: [email protected] To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions,

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Going once, going twice....sold!

Pitfalls in Transactions Involving Strata Condominiums #516

Number 516 A recent Civil Resolution Tribunal decision1 highlights some important practice points for licensees in transactions involving strata condominiums. The buyer of a strata condominium claimed against the seller’s agent in misrepresentation and false advertising arising from the description of the building as having a “fully rainscreened exterior” in the MLS® listing. The buyer

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Real Estate Legislation – British Columbia Real Estate Association

On January 1, 2005, the Real Estate Services Act and Real Estate Development Marketing Act were brought into force. These statutes replace Parts 1 and 2 of the former Real Estate Act. BCREA believes that changes to the practice of real estate must be made with care to avoid unintended negative consequences, enhance consumer protection and reflect the dynamic nature

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Housing Affordability – British Columbia Real Estate Association

The residential real estate market is a continuum, with social housing on one end and luxury housing on the other. Rental housing and market housing affordability are important components that help keep the continuum operating smoothly, ensuring appropriate housing options for all and matching supply with demand. BCREA recommends that governments: Ensure the Property Transfer

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Flood Protection – British Columbia Real Estate Association

Flooding poses catastrophic risks to BC’s economic vitality, safety, environment, property owners and communities. BCREA’s flood protection work focuses on floodplain maps, a strong role for the provincial government and education for REALTORS® and their clients. BCREA Recommends the Provincial Government: Take the lead, working with local and federal governments, to ensure floodplain maps are

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Strata Properties – British Columbia Real Estate Association

The Strata Property Act took effect on July 1, 2000, and was a significant improvement over the Condominium Act. Nonetheless, no legislation is perfect and the intervening years have provided ample opportunity for real estate practitioners and others to identify improvements that can be made. BCREA Recommends the Provincial Government: Ensure legislation specifies what is required to be

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Father and daughter connection

Floodplain Maps Action Plan – British Columbia Real Estate Association

When floods strike, individuals and communities are subject to significant economic and social costs. Many British Columbians are unaware of the flood risk they face, due to out-of-date floodplain maps. BC has the opportunity to take steps to minimize damage from future floods—this is the purpose of the British Columbia Real Estate Association’s (BCREA) initiative

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