Market Trends


The Nanaimo and Area Housing Market, has been quite stable throughout the years.  It has gone up with the Nanaimo Home Trendsnational and provincial trends, but doesn’t seem to come down quite as fast and far as in other geographical regions of Canada.  Experts feel that this is largely due to steady influx of retirees coming here to escape the harsh winters they have experienced in other areas of the country.  They say you don’t have to shovel the rain! Once the market hits its threshold during a fast growth period, we can expect to see small adjustments to the prices rather than steep declines.  Nanaimo and other parts of Vancouver Island are still regarded as one of the best priced real estate markets, especially taking into account the beauty of the ocean views and the rainforests that it has to offer.

Trends and Market News

Vireb - News

Recent posts from Vireb (News)

Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33 per cent increase. Sales dipped by 19 per cent from October. MORE

Posted: December 2, 2020, 7:44 pm
For this year's REALTORS Care® Week, CREA shone a spotlight on homelessness. Although CREA's campaign ended on November 27, the plight of homeless Canadians did not. That's why VIREB is extending our own REALTORS Care® Week activities to December 20 and donating $500 each to the following homelessness-related organizations. 

  • Campbell River and North Island Transition Society (donate here)
  • Salvation Army - Courtenay (donate here)
  • Warmland House Shelter - Duncan (donate here)
  • Samaritan House Emergency Women's Shelter - Nanaimo (donate here)
  • Society of Organized Services - Parksville (donate here)
  • Port Alberni Shelter Society (donate here)

To maximize our impact, we're also inviting VIREB members to join us by making a donation to the same charities. If you'd like us to track the total funds raised, please send an email to communications@vireb.com with your donation amount. We'll tally the numbers and report how much we raised to CREA.

Thanks in advance for your support!
Posted: December 1, 2020, 7:44 pm
VIREB recorded 1,066 unit sales (all categories) last month compared to 721 in October 2019. MORE
Posted: November 2, 2020, 10:53 pm
The Vancouver Island Real Estate Board held its 13th annual Commercial Building Awards (CBAs) in a virtual format this year, with the winners announced in a video released on September 30. MORE
Posted: October 5, 2020, 10:50 pm
VIREB recorded 1,287 unit sales (all categories) last month compared to 692 in September 2019, a healthy showing amid the economic downturn caused by a global pandemic. MORE

Posted: October 1, 2020, 9:45 pm
VIREB recorded 1,101 unit sales (all categories) last month, a 39 per cent increase from August 2019. MORE
Posted: September 1, 2020, 11:12 pm
VIREB's housing market continues to recover from the COVID-19 downturn seen in April and part of May. MORE
Posted: August 21, 2020, 10:12 pm
The COVID-19 effect on VIREB's housing market seemingly wore off in June, with sales rebounding significantly from May and posting year-over-year increases in most markets. MORE
Posted: July 2, 2020, 9:41 pm
VIREB has released its 2019 Buyer Profile, tracking the who, what, and where of residential property purchases north of Victoria on Vancouver Island. MORE
Posted: June 8, 2020, 10:16 pm
While COVID-19 had a significant impact on VIREB's housing market in April, the board's May numbers indicate that the market may already be recovering. MORE
Posted: June 2, 2020, 7:34 pm
The anticipated impact of COVID-19 on VIREB's housing market became a reality in April, with sales of single-family homes dropping by 54 per cent year over year. MORE
Posted: May 1, 2020, 9:34 pm
The COVID-19 health crisis will undoubtedly dampen the provincial housing market, but it had little impact on March sales. MORE
Posted: April 2, 2020, 4:51 pm
Sales of single-family homes in the VIREB area last month rose by 15 per cent year over year and were 49 per cent higher than in January. MORE
Posted: March 2, 2020, 10:15 pm
Sales of single-family homes in January dropped by 16 per cent from one year ago and were 26 per cent lower than in December. MORE
Posted: February 3, 2020, 10:33 pm
Sales of single-family homes in December increased by 40 per cent from one year ago and were 24 per cent lower than in November. MORE
Posted: January 2, 2020, 10:58 pm
Sales of single-family homes in November rose by three per cent from 2018 and were nine per cent lower than in October. Apartment and townhouse sales dipped by eight per cent and 33 per cent, respectively. MORE
Posted: December 2, 2019, 10:10 pm
Sales of single-family homes in October dropped by 11 per cent from 2018 and were virtually the same as in September. Apartment and townhouse sales dipped by nine per cent and 22 per cent, respectively. MORE
Posted: November 1, 2019, 9:18 pm
Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively. MORE

Posted: October 2, 2019, 5:56 pm
Sales of single-family homes in August board-wide dipped by 11 per cent year over year and were nine per cent lower than in July. MORE

Posted: September 3, 2019, 9:29 pm
Sales of single-family homes in July board-wide rose by three per cent year over year and were 12 per cent higher than in June. MORE
Posted: August 1, 2019, 9:27 pm

British Columbia Real Estate Association

Rising insurance costs are a major concern for many of the approximately one-quarter of British Columbia’s residents who live in strata properties. This issue was a significant advocacy point for BCREA during the recent provincial election campaign, and it will continue to be a key issue as we work with the new government. The recent ...

The post Regulator Takes a Step to Curb Strata Insurance Costs appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: December 3, 2020, 5:49 pm

BCREA’s Legal Defense Reserve is a useful support system for REALTORS®, though not likely one you will want to find yourself needing. Through licensing education and ongoing professional development, we know Realtors in BC are committed to upholding the highest standard of professionalism when working with clients and conducting real estate transactions. By way of ...

The post BCREA’s Legal Defense Reserve Supports REALTORS® on Issues of Provincial Significance appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: December 3, 2020, 5:22 pm

By Ellen Baragon, Guest Contributor As REALTORS® work in their clients’ best interests, being well versed in all aspects of listing and buyer agency contracts can help you better support and empower your clients during a real estate transaction, as well as help you meet your regulatory requirements. To help Realtors learn more about how ...

The post New Tutorial Videos for REALTORS® Explore Listing and Buyer Agency Contracts appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: December 2, 2020, 10:07 pm

BC Monthly Real GDP Estimate for September 2020 & Preliminary Estimate for October 2020 (Updated: December 1, 2020) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for September is -1.6 per cent. For comparison, output in the Canadian economy was 3.9 per cent lower year-over-year in September. We ...

The post BCREA Nowcast appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: December 1, 2020, 6:30 pm

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) rebounded in the third quarter of 2020 from 122.3 to 136.9, representing the first increase after four consecutive quarterly declines. It was the largest increase in the indicator since the start of the CLI series in 1999, reflecting a ...

The post Commercial Activity Rebounded in 2020 Q3 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 30, 2020, 8:15 pm

Widespread, significant increases in the cost of insurance have plagued many BC strata corporations for more than a year. BCREA and other stakeholders have raised concerns and offered potential solutions to this complex problem. During the provincial election campaign, we educated candidates about strata insurance. These high costs are ultimately paid for by strata unit ...

The post Continuing Strata Insurance Issues appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 30, 2020, 5:24 pm

Throughout the election campaign, all three main BC parties made promises to be leaders in reducing greenhouse gas emissions. While all parties agreed incentives for retrofitting homes were important to meet climate change goals, BCREA knows the government needs to make significant improvements if it’s going to meet current carbon reduction targets. Government incentives for ...

The post Climate Priority for BC Government appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 30, 2020, 5:08 pm

As Canadians recognize the important work done by housing partners on National Housing Day (November 22), BCREA acknowledges that there is still much work to do to ensure affordable, appropriate housing. In spite of the BC housing market’s record pace in October, supply continues to be limited. Lack of adequate supply causes affordability issues, especially ...

The post Solutions to Address BC Housing Supply appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 30, 2020, 5:03 pm

On Episode 13 of Open House by BCREA, we talk to Jamie Matthews, a partner at Farris LLP and BCREA’s legal counsel for Standard Forms, about what Realtors need to know about the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR), both of which come into effect on November 30. Specifically, Jamie ...

The post PODCAST: Episode 13 – What REALTORS® Need to Know About Land Owner Transparency appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 26, 2020, 10:35 pm

The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. The following resources will help Realtors get up to speed and ...

The post REMINDER: Land Owner Transparency Act and Registry Take Effect on November 30 appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 26, 2020, 7:16 pm

By Ellen Baragon, Guest Contributor Tired of getting the same old gifts of socks and ties at holiday time? BCREA is currently offering all online professional development courses at 20% off the regular course price, so you can give yourself the gift of knowledge this holiday season. From November 27 to December 31, REALTORS® can ...

The post Stock Up on Online Courses with a Special Offer This Holiday Season appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 26, 2020, 6:58 pm

Licensees must be aware of the challenges that exist when representing someone who claims to have the legal right to act on behalf of a property owner on the basis of a power of attorney. Is the power of attorney valid? Was it properly executed? Does it empower the attorney to deal with real property? ...

The post Powers of Attorney Can Be Tricky #532 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 26, 2020, 5:28 pm

REALTORS® are committed to doing their part to help prevent money laundering in the BC real estate sector. As the professional association for BC Realtors, BCREA is committed to providing knowledge and resources to help address this complex issue. As part of this commitment, we have created a new blog series to increase awareness around ...

The post How REALTORS® Help Prevent Money Laundering in Real Estate: Setting the Landscape appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: November 25, 2020, 11:12 pm

Canadian businesses, non-profits and charities experiencing financial hardship from COVID-19 may be eligible for a subsidy to cover part of their commercial rent through the Canada Emergency Rent Subsidy (CERS). This program, in effect since November 23, replaces a previous commercial rent assistance program (CECRA) that had lower pickup than the government expected. The goal ...

The post New Commercial Rent Assistance Program appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 25, 2020, 6:38 pm

The dashboard was last updated on November 24, 2020. To view the COVID-19 Reopening Dashboard PDF, click here. The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the economy as BC navigates the recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted ...

The post UPDATE: COVID-19 Reopening Dashboard appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: November 24, 2020, 10:40 pm

While COVID-19 may pose the greatest risk right now, floods also do significant damage regularly in BC and across the country. Economic, social and environmental impacts can take many years to reverse and BCREA believes smart planning to avoid, or at least minimize, flooding is a better approach. Floodplain maps can support local government decision ...

The post Finding Floodplain Maps appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 24, 2020, 5:14 pm

On November 30, the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR) will come into effect. With them come new reporting requirements, filed by legal professionals, when an application is made to register an interest in land. To help REALTORS® and your clients get ready for LOTA and LOTR, here are three ...

The post Three Things to Know About the Land Owner Transparency Act and Registry appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 23, 2020, 11:54 pm

With new health orders announced by the Provincial Health Officer (PHO) on November 19, BCREA encourages REALTORS® to continue COVID-19-conscious business practices, which includes using virtual tools when possible, to market, show, and view properties to help slow the spread of COVID-19. The PHO’s recent announcement and order extends the ban on social interactions and ...

The post REALTORS® Encouraged to Continue Safe Business Practices in Light of New Public Health Orders appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 20, 2020, 9:40 pm

Watch BCREA Chief Economist Brendon Ogmundson discuss the October 2020 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/_4sQqYXbfKM” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: bogmundson@bcrea.bc.ca To subscribe to receive BCREA publications such as this ...

The post Housing Market Update – November 2020 appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: November 16, 2020, 7:20 pm

With a variety of new resources having been created over the last several months – including the Standard Forms Resource Centre, the Fall 2020 Standard Forms and accompanying training materials – we have created a way for Realtors to easily find exactly what you need to help your practice. The Standard Forms Resources Index enables ...

The post New Index Created for Quick Access to BCREA Standard Forms Resources appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 12, 2020, 6:34 pm

On November 30 at 11:00am, BCREA will be hosting a virtual information session for individuals interested in learning more about becoming BCREA REALTOR® or public Director for the 2021-22 term. The session will be held via webinar and will be hosted by BCREA Chair Anthony Bastiaanssen, CEO Darlene Hyde, and Chair of the Nominating Committee ...

The post Register for BCREA’s 2021-22 Directorship Application Webinar appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 12, 2020, 6:10 pm

BCREA has created a video for REALTORS® to share with clients to help them better understand the Property Disclosure Statement (PDS). The PDS is one of the most frequently used standard forms and it allows sellers to disclose facts about the condition of the property so that buyers can make informed decisions when considering purchase ...

The post VIDEO: Help Your Clients Understand the Property Disclosure Statement appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 12, 2020, 5:50 pm

BCREA would like to remind REALTORS® to continue to use virtual tools when possible to market, show and view properties, to limit face-to-face interactions, and to follow the safer showings guidelines released last week. While the order issued by the Provincial Health Officer (PHO) on November 7 limiting social interactions and travel in the Lower ...

The post Continue to Use Virtual Tools When Possible to Market, Show and View Properties appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 12, 2020, 5:45 pm

The COVID-19 FAQ was last updated on November 12, 2020. As the spread of COVID-19 continues to be a health risk and have a significant impact on people’s lives, REALTORS® may be left with questions about how to deal with certain areas of their practice. BCREA seeks to support you in these unprecedented times. We ...

The post UPDATE: Dealing with Contracts and Disclosure Requirements (COVID-19 FAQ) appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 12, 2020, 4:05 pm

For the complete news release, including detailed statistics, click here. Vancouver, BC – November 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential ...

The post BC Housing Market Continues Record Pace in October appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 12, 2020, 12:55 pm

The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. How does this affect your practice? Beginning on November 30, 2020, ...

The post Land Owner Transparency Registry Filings Required Beginning November 30 appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 10, 2020, 7:56 pm

By Ellen Baragon, Guest Contributor British Columbia Real Estate Association (BCREA) Chief Executive Officer Darlene Hyde and Chief Operating Officer Corinne Caldwell have earned recognition from Business in Vancouver (BIV) for their achievements in business and leadership. Hyde is one of the recipients of the BIV 2020 BC Chief Executive Officer of the Year awards, ...

The post BCREA Chief Executive and Operating Officers Recognized with Business Leadership Awards appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: November 10, 2020, 6:46 pm

For Immediate Release Vancouver, BC – November 05, 2020. The regulatory agencies overseeing real estate professionals in BC and the provincial association representing REALTORS® are calling on real estate professionals across the province to protect public health and safety by temporarily discontinuing open houses. With cases of COVID-19 on the rise in BC, the Real ...

The post Real Estate Professionals Urged to Stop Open Houses: Regulators and Provincial Association Recommend Virtual Tools appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 5, 2020, 7:02 pm

Last updated: November 25, 2020 BCREA has created this dedicated page to help real estate boards and REALTORS® access resources related to real estate practice and the COVID-19 crisis. We will provide new information and resources as they become available. In addition to uploading new content here, we will send out email updates to all ...

The post COVID-19: Resources for REALTORS® appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: November 4, 2020, 4:00 pm

To view the BCREA Housing Forecast PDF, click here. Vancouver, BC – November 4, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 16.9 per cent to 90,450 units this year, after recording 77,350 residential ...

The post BCREA 2020 Fourth Quarter Housing Forecast: Economic Recovery and Low Rates Drive Housing Market in 2021 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: November 4, 2020, 12:55 pm

On Episode 12 of Open House by BCREA, we catch up with Real Estate Council of BC Professional Standards Advisor Marty Douglas and real estate lawyer Bruce Woolley. In the midst of a historically busy market, Marty and Bruce explore some of the commons questions Realtors and consumers have been asking, and offer advice on ...

The post PODCAST: Episode 12 – Professional Standards in a Busy Market with RECBC appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: October 29, 2020, 10:00 pm

BCREA is pleased to announce that the Brokerage Insurance Program now offers vicarious liability and disciplinary fines coverage for managing brokers. This coverage is intended to protect managing brokers who have acted professionally and upheld rigorous professional standards but find themselves facing disciplinary action. The Brokerage Insurance Program is an affinity program created by BCREA ...

The post Brokerage Insurance Program Now Offers Vicarious Liability and Disciplinary Fines Coverage appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: October 29, 2020, 8:27 pm

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 with the previous year.

The post Markets at a Glance: October 2020 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: October 29, 2020, 7:15 pm

There are two new presentations available in the What Would You Do? Presentation Series, created by BCREA, the Real Estate Council of BC (RECBC) and the Real Estate Errors & Omissions Insurance Corporation (E&O). These PowerPoint presentations explore the risks around conflicts of interest and misrepresentations and are now available for download on REALTOR Link®. ...

The post New ‘What Would You Do?’ Presentations Available for Managing Brokers appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: October 29, 2020, 6:49 pm

The Question I am asked for advice from licensees on potential claims daily. They often describe a scenario involving complex matters beyond the expertise of a licensee, such as taxes, structural issues/defects or complicated legal questions, like whether a contract alive or dead? They want to know what they should do and what they should ...

The post Beyond Your Expertise: When to Recommend Clients Get Legal Advice #531 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 29, 2020, 4:38 pm

To view the Market Intelligence Report PDF, click here. Summary Findings: Immigration is the most important driver of population growth in BC, with a growing share within the prime working-age and household-forming demographic. The global pandemic has resulted in a sharp drop in immigration and consequently BC reporting one of the lowest quarterly increases in ...

The post COVID-19: Population Growth and Housing Demand appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 29, 2020, 11:55 am

Well, wasn’t that an amazing election? OK, perhaps it wasn’t exactly a barn-burner result, and the degree of policy discussion was, shall we say, disappointing. While we don’t know the final results yet (an estimated 500,000 mail-in votes are still to be counted), we do know the NDP will form a majority government. There are ...

The post The Provincial Election’s Over – Now What? appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 28, 2020, 11:53 pm

The new deadline for this consultation on changes to administrative penalties is November 13, 2020 (announced by the Office of the Superintendent of Real Estate and Real Estate Council of British Columbia on October 27, 2020). In mid-September, the Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of BC (RECBC) ...

The post UPDATE: Have Your Say on Changes to Administrative Penalties appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 28, 2020, 4:00 pm

The British Columbia Real Estate Association (BCREA) has partnered with the Big Sisters of the Lower Mainland on a pilot basis to help connect young girls aged seven to 17 with female mentors in the Fraser Valley Real Estate Board (FVREB) area. About Big Sisters of the Lower Mainland Right now, Big Sisters of the ...

The post FVREB REALTORS® Invited To Participate in BCREA Partnership with Big Sisters of the Lower Mainland appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 27, 2020, 7:32 pm

On Wednesday, October 21, BCREA hosted a webinar and panel discussion to explore the impacts of the upcoming provincial election on the BC real estate sector. We discussed the key asks that BCREA and real estate boards will make of any new provincial government; the risks and opportunities for the real estate sector arising from ...

The post Webinar Recording: BC Real Estate and the Election on Our Doorstep appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: October 21, 2020, 10:53 pm

In September, BCREA released the BCREA Individual Identification Information Record, a new one-page form created to help REALTORS® and brokerages record the identification of clients and unrepresented parties in low-risk face-to-face transactions. This form supports Realtors and brokerages in meeting anti-money laundering requirements and keeping the proceeds of crime out of BC real estate markets. ...

The post New Form Helps Brokerages Meet Anti-Money Laundering Requirements appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: October 21, 2020, 10:14 pm

Below is a comparison of the three main party’s platforms’ impact on real estate and housing. COVID-19 Economic Recovery Green Allocate $300 million to create a six-month rent subsidy program for small businesses. Liberal Eliminate the Provincial Sales Tax (PST) for one year and then set it at three per cent for subsequent years. Permanently ...

The post Comparing Provincial Party Housing Platforms appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 14, 2020, 10:09 pm

In mid-September, over 1,200 REALTORS® took BCREA’s third survey on the economic impacts of COVID-19. Many Realtors are still experiencing financial difficulties, with 16 per cent reporting no income from transactions in August and September. This number is down from 26 per cent of respondents who reported receiving no income from transactions from May to ...

The post September Survey Results on Economic Impacts of COVID-19 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 14, 2020, 7:23 pm

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential ...

The post Record September for BC Housing Markets appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 14, 2020, 11:55 am

As the federal government enters its next phase of economic recovery, new programs have been announced, while others have been modified or phased out. The following programs may benefit REALTORS® impacted by the economic effects of COVID-19. The Canada Emergency Wage Subsidy (CEWS) has been extended until summer 2021. CEWS provides a wage subsidy for ...

The post New Federal Programs to Assist Canadians Impacted By the Economic Fallout of COVID-19 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 7, 2020, 8:27 pm

By Ellen Baragon, Guest Contributor Improve your ability to assess client needs, hone your presenting skills, and strengthen your core competencies of agency, disclosure, and ethics in BCREA’s new Client Engagement Excellence: Assessing and Presenting Skills, a self-paced online course available now. Written by real estate client engagement expert Gerald Clerx, the course covers the practical ...

The post Raise the Bar on Your Practice with the Newly Launched, Client Engagement Excellence: Assessing and Presenting Skills Course appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: October 7, 2020, 4:52 pm

Join the BC Real Estate Association (BCREA) on Wednesday, October 21 at 10:00 am PT to explore the impacts of the upcoming provincial election on the BC real estate sector. During this 75-minute webinar and expert panel discussion, we will review the key asks that BCREA and real estate boards will make of any new ...

The post Webinar: BC Real Estate and the Election on Our Doorstep appeared first on British Columbia Real Estate Association.

Author: Marianne Brimmell
Posted: October 6, 2020, 6:00 pm

On September 29, BCREA hosted a webinar to answer questions REALTORS® had after two weeks of using the new and revised standard forms and clauses that were included in our Fall 2020 Standard Forms Release. The webinar – which featured a panel including BCREA Chief Operating Officer Corinne Caldwell, Professional Services Manager Jennifer Lynch, and ...

The post Forms 2020: Post-Launch Webinar Recording and Resources appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: October 2, 2020, 5:22 pm

As all parties focus on COVID-19 economic recovery in the lead-up to October’s provincial election, BCREA is advocating for market housing affordability to be a key part of the next government’s post-election plans. For BC’s REALTORS®, meeting with candidates is a great opportunity to ask questions and suggest that the next government focuses on these ...

The post Three Election Questions REALTORS® Can Ask Candidates appeared first on British Columbia Real Estate Association.

Author: Shaheed Devji
Posted: September 30, 2020, 8:44 pm

Background Resources Advocacy Last updated: November 25, 2020 Ensuring REALTORS® have the resources to meet anti-money laundering requirements is an important step towards keeping money from criminal activity out of BC’s housing market. BCREA has created this dedicated page to help Realtors access BCREA’s anti-money laundering resources. Throughout the fall, we’ll add to these resources ...

The post Anti-Money Laundering Resources appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: September 25, 2020, 7:59 pm