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
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
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
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
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
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
Help your clients understand the incentive and whether they can benefit In September, the federal government will launch the First-Time Home Buyer Incentive, an interest-free loan that doesn’t require monthly payments. The incentive is intended to help reduce monthly mortgage payments without increasing the amount needed to save for a down payment. How does it
Learn more about working with the recently updated Privacy Notice and Consent form The British Columbia Real Estate Association (BCREA) recently updated the Privacy Notice and Consent form, which explains to consumers how you’ll use and disclose their information. To learn more about the changes and working with the updated form, check out this short
There’s an app for that If you’re looking to reduce errors and omissions when it comes to completing FINTRAC individual identification and receipt of funds forms, you might want to check out the FINTRACKER™ app created by Forward Form Solutions Inc. The app is meant as a digital FINTRAC reporting solution for real estate professional
Vancouver, BC – March 12, 2019. The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of