Housing Demand Continues to Recover in August

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 4.9 per cent from the same month last year. The average

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BCREA 2019 Third Quarter Housing Forecast Update: BC Homes Sales Set to Normalize in 2020

To view the BCREA Housing Forecast PDF, click here. Vancouver, BC – September 5, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 per cent to about 75,000 units this year, after recording

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Money Laundering in Canada 2019

Join ABCsolutions in Victoria, BC on September 23-25 for Money Laundering in Canada 2019, Canada’s premiere event in the field of money laundering compliance. This year’s theme is Compliance: Making Sense of the Details. The conference promises to be informative and pragmatic, looking at trending crimes, risks, compliance practices and regulatory change. Speakers include the

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How to Fund Flood Mapping

Flooding poses significant risks to communities, and the effects can be widespread and last for years. Floodplain maps illustrate where floodwaters are expected to go, which makes them the most logical first step in flood management. To be effective, these maps also need to be updated regularly. Unfortunately, there hasn’t been a coordinated program in

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B-20 is Stressing Potential Home Buyers

The federal B-20 stress test is preventing many British Columbians from achieving their dream of home ownership. The Office of the Superintendent of Financial Institutions enacted new mortgage rules in 2018, requiring borrowers to qualify for a mortgage at the higher of either the rate they’ve negotiated with their bank plus two per cent or

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Stronger Consumer Protection for Healthy Homes

BC needs a provincial framework for remediation to ensure homes that have been used to produce drugs are safe from mould, pesticides and electrical and fire hazards. BC’s neighbours have made significant strides towards these goals. In Alberta designated officials conduct an inspection, issue an order to vacate and outline the required procedure to remediate

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