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)

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
Sales of single-family homes in June board-wide dipped by seven per cent year over year and were 11 per cent lower than in May. MORE
Posted: July 2, 2019, 9:29 pm
Sales of single-family homes in May board-wide dipped by 12 per cent year over year but rose by 11 per cent from April. MORE
Posted: June 3, 2019, 9:40 pm
Sales of single-family homes in April board-wide dipped by 13 per cent year over year but rose by 33 per cent from March. MORE
Posted: May 1, 2019, 10:10 pm
Sales of single-family homes in March board-wide dipped by 23 per cent year over year but were up 36 per cent from February. MORE
Posted: April 2, 2019, 3:52 pm
Sales of single-family homes in February board-wide dipped by 28 per cent year over year but were up 10 per cent from January. MORE
Posted: March 1, 2019, 10:41 pm
The mortgage stress test, also known as Guideline B-20, is taking a toll on housing sales throughout the province, and Vancouver Island is no exception. MORE
Posted: February 1, 2019, 9:27 pm
Sales of single-family homes in December dropped by 48 per cent from one year ago and were 44 per cent lower than in November. Annual sales of single-family homes in 2018 totalled 4,543, a 19 per cent drop from 2017. MORE
Posted: January 2, 2019, 11:07 pm
Sales of single-family homes in November dropped by 28 per cent from one year ago and were 21 per cent lower than in October. MORE
Posted: December 3, 2018, 11:36 pm
Sales of single-family homes in October were 11 per cent higher than in September but dipped by 16 per cent from October 2017. MORE
Posted: November 1, 2018, 8:57 pm
Sales of single-family homes in September dropped by 32 per cent from one year ago and 25 per cent from August 2018. MORE
Posted: October 1, 2018, 8:46 pm
Sales of single-family homes in August were seven per cent higher than in July but dipped by 14 per cent from August 2017. MORE
Posted: September 4, 2018, 9:42 pm
Prices of single-family homes, apartments, and townhouses continue to rise in the VIREB area despite cooling sales in some markets. MORE
Posted: August 1, 2018, 9:58 pm
Last month, 444 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 518 in May and 617 one year ago. The number of apartments changing hands last month dropped by 21 per cent. MORE
Posted: July 4, 2018, 9:05 pm
New real estate rules imposed by the Office of the Superintendent of Real Estate will significantly change the way REALTORS® and clients work together. MORE
Posted: June 21, 2018, 4:06 pm
The benchmark price of a single-family home in the VIREB area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. MORE
Posted: June 1, 2018, 9:46 pm
The Vancouver Island Real Estate Board (VIREB) is pleased to announce that Ian Lindsay has been named VIREB’s 2017 REALTOR® of the Year. MORE
Posted: May 7, 2018, 9:37 pm
Sales of single-family homes in the VIREB area rose by 20 per cent month over month in April but remained static from one year ago. MORE
Posted: May 1, 2018, 9:31 pm
A sell-out crowd attended the 11th Annual VIREB Commercial Building Awards (CBAs) on April 19 at the Vancouver Island Conference Centre. MORE
Posted: April 25, 2018, 4:23 pm

British Columbia Real Estate Association

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: August 2019 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: September 16, 2019, 3:30 pm

Watch BCREA Deputy Chief Economist Brendon Ogmundson discusses the August 2019 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/_bhYbGTK8Lo” 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 Deputy Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: bogmundson@bcrea.bc.ca To subscribe to receive BCREA publications such ...

The post Housing Market Update Webcast September 2019 appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: September 13, 2019, 10:35 pm

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 ...

The post Housing Demand Continues to Recover in August appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: September 12, 2019, 12:00 pm

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) rose by 0.7 points to 135.7 in the second quarter of 2019. Compared to this time one year ago, the index is unchanged. Slowing provincial economic activity continued in the second quarter of 2019, with declines in retail sales ...

The post Continued Stabilizing Commercial Activity in 2019 Q2 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: September 9, 2019, 9:30 am

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 ...

The post BCREA 2019 Third Quarter Housing Forecast Update: BC Homes Sales Set to Normalize in 2020 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: September 5, 2019, 12:00 pm

Join ABC solutions 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 post Money Laundering in Canada 2019 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: September 4, 2019, 5:29 pm

BC Monthly Real GDP Estimate for June 2019 (Updated: August 30, 2019) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for June is 2.1 per cent, a decline from 2.5 per cent in May. Download the full report (PDF) Growth of provincial GDP is a key indicator of ...

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

Author: Harveen Johal
Posted: August 30, 2019, 6:00 pm

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 ...

The post Stronger Consumer Protection for Healthy Homes appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 28, 2019, 5:20 pm

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 ...

The post B-20 is Stressing Potential Home Buyers appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 28, 2019, 5:19 pm

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 post How to Fund Flood Mapping appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 28, 2019, 5:17 pm

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 video ...

The post Privacy Notice and Consent Form Resources Now Available appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 22, 2019, 4:00 pm

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 ...

The post First-Time Home Buyer Incentive Launches in September appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 22, 2019, 4:00 pm

Will Rogers defined the first law of holes as follows: “When you find yourself in a hole; stop digging.” A recent discipline decision of the Real Estate Council of British Columbia1 suggests the licensee involved should have taken Mr. Rogers’ advice. The licensee acted as the designated agent of the seller in the sale of ...

The post The First Law of Holes #517 appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 15, 2019, 7:08 pm

Register today for BCREA’s second Managing Brokers’ Conference and join managing and associate brokers from across BC on October 16 and 17 at the Coast Capri Hotel in beautiful Kelowna for a day of networking and learning! This year’s conference theme is Ideas into Action, and the all-day conference on October 17 will take an ...

The post Ideas into Action: BCREA Managing Brokers’ Conference appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: August 14, 2019, 3:30 pm

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 per cent from the same month last year. The average ...

The post Housing Demand Improves in July appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: August 13, 2019, 11:55 am

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 ...

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

Author: Harveen Johal
Posted: July 30, 2019, 8:01 pm

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 ...

The post Strata Properties appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: July 25, 2019, 8:22 pm

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 ...

The post Flood Protection appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: July 25, 2019, 7:55 pm

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 ...

The post Housing Affordability appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: July 24, 2019, 6:15 pm

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. Real Estate Services Act Real Estate Development Marketing Act BCREA believes that changes to the practice of real estate must be made with care to avoid unintended negative ...

The post Real Estate Legislation appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: July 24, 2019, 5:52 pm

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 ...

The post Pitfalls in Transactions Involving Strata Condominiums #516 appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: July 18, 2019, 8:30 am

To view the Market Intelligence Report PDF, click here. Summary Findings: The decline in home sales in 2018 was largely due to market factors like interest rates and affordability Without the stress test, home sales in BC would have been about 7,500 sales—or 10% higher—in 2018 Approximately $500 million in BC economic activity was lost ...

The post The Impact of the B20 Stress Test on BC Home Sales in 2018 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: July 16, 2019, 8:30 am

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 ...

The post BC Home Sales Trend Lower in June appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: July 15, 2019, 8:30 am

Join BCREA’s Board of Directors BCREA is seeking REALTORS® for its Board of Directors, for election at its next AGM on March 24, 2020. Ideally, the candidates should have served previously on boards of directors in organized real estate and should come equipped with governance and a range of business skills and backgrounds, including commercial. ...

The post Organized Real Estate Wants You! appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: July 11, 2019, 8:30 am

The Real Estate Council of BC (RECBC) and the British Columbia Real Estate Association (BCREA) have signed an agreement that will see the management of regulatory education for real estate professionals transition to RECBC in the fall of 2019. Through this agreement, RECBC will increase its oversight, control and direct involvement in the development and ...

The post RECBC and BCREA Work Together to Change Regulatory Education appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: July 11, 2019, 8:30 am

How to secure coverage during wildfire season Most buyers won’t realize there’s a difference between an insurance company giving them a quote for an insurance policy and an insurance company binding an insurance policy. But as a REALTOR®, you certainly should. When an insurance provider “binds” an insurance policy it means they’ve issued the policy ...

The post In a Bind Over Home Insurance? appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: July 11, 2019, 8:30 am

On June 20, the Canadian government passed legislation confirming October 17, 2018 as the legalization date for non-medicinal cannabis. Under the legislation, individuals will be able to grow up to four cannabis plants per residence. Four plants may not sound like much, but what if it’s grown in a closet? Or a 600-square foot strata ...

The post Remediating Homes Used to Produce Drugs appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: July 1, 2019, 9:58 pm

Many strata owners do not know they may be personally liable to reimburse their strata corporation for its insurance deductible, the portion of the loss the insured must pay in an insurance claim, which can be many thousands of dollars. The British Columbia Law Institute’s formidable committee of strata experts (the “Committee”) recently recommended changes ...

The post Liability For Strata Insurance Deductibles #515 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: June 20, 2019, 8:30 am

A retirement savings option for REALTORS® REALTORS® in BC are generally classified as self-employed. Self-employed individuals who don’t have access to a workplace pension plan need to consider other retirement savings options. A Pooled Registered Pension Plan (PRPP), which pools your assets with those of others to reduce administration costs, is one option that you ...

The post Pooled Registered Pension Plans appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: June 14, 2019, 8:30 am

How high do you score? One of the best parts of being a REALTOR® are the relationships you build with clients. Still, getting to know new clients isn’t without risk and veteran REALTORS® all have their stories of awkward or even dangerous situations they’ve experienced over the years. There are lots of resources available online ...

The post REALTOR® Safety Quiz appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: June 14, 2019, 8:30 am

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 per cent from the same month last year. The ...

The post BC Home Sales on the Rise in May appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: June 14, 2019, 8:30 am

CREA ready for early rollout in BC Good news from the Canadian Real Estate Association (CREA)—the new WEBForms® platform will be available in BC as early as mid-July. CREA will reach out to BC REALTORS® who are using WEBForms® about a week before the launch date with some training materials and to announce the exact ...

The post New WEBForms® Platform to Launch in July appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: June 14, 2019, 8:30 am

To view the Mortgage Rate Forecast PDF, click here. Mortgage Rate Outlook The big news in the Canadian mortgage market is the return of sub 3 per cent five-year mortgage rates. The last year of mortgage rate increases has essentially been erased by an acute repricing of bond market expectations. A slowing Canadian economy and ...

The post Mortgage Rate Forecast appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: June 1, 2019, 3:05 pm

Media coverage that captured REALTOR® professionalism On Monday, April 15, 2019, the British Columbia Real Estate (BCREA) headlined the provincial and national news after it released a series of recommendations and best practices to government to help curb money laundering. The recommendations were developed collaboratively with four other organizations: the Real Estate Board of Greater ...

The post Real Estate Professions Taking the Lead to Curb Money Laundering appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: May 17, 2019, 8:30 am

Moving the dial on real estate advocacy issues Market housing affordability, anti-money laundering and remediating properties used to produce drugs were the priorities at this year’s Government Liaison (GL) Days, which took place in Victoria at the Hotel Grand Pacific from April 28 to 30. GL Days is BCREA’s key advocacy event that brings together ...

The post BCREA’s Government Liaison Days appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: May 17, 2019, 8:30 am

Changes coming June 13 On June 13, changes to the Assignment of Contract of Purchase and Sale – New Development and Non-Developer and the Privacy Notice and Consent forms will come into effect. While none of the changes will have a significant impact on practice, it’s important for REALTORS® to familiarize themselves with the changes ...

The post Standard Forms Reminder appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: May 17, 2019, 8:30 am

Opportunities for action A public inquiry into money laundering has now been ordered. This has been a media favourite for a long time, and certainly since the reports of Peter German and the Expert Panel on Money Laundering in BC Real Estate were published on May 9. Here’s a quick summary of BCREA’s actions, analysis ...

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

Author: Janie Cranfield
Posted: May 17, 2019, 8:30 am

Help protect your clients this wildfire season! Wildfires have had a devastating impact on communities across BC in recent years. This year’s wildfire season has already begun and, as a REALTOR®, you can help protect your clients by reminding them of the importance of home insurance, both year-round and when buying or selling a home. ...

The post Wildfire Season and Home Insurance appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: May 17, 2019, 8:30 am

In 2007, a man was murdered outside the gates of his Shaughnessy home. The murder, described by the police as a targeted killing, remains unsolved. The victim lived in the home with his wife and two children. The property was owned by his mother-in-law, who resided in China. One of his daughters attended a private ...

The post Death at a Property Revisited #514 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: May 15, 2019, 8:30 am

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 14, 2019.The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same month last year. The average ...

The post Affordability Continues to Weigh on Housing Demand appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: May 14, 2019, 8:30 am

Vancouver, BC – May 13, 2019. The British Columbia Real Estate Association (BCREA) is encouraged by the recommendations set out by the Ministry of Finance’s Expert Panel on Money Laundering led by Maureen Maloney. As the voice of BC’s 23,000 REALTORS®, we appreciate recommendations that will bring more transparency and accountability to all professionals involved ...

The post BC’s REALTORS® Welcome Government Recommendations appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: May 13, 2019, 8:30 am

In October 2018, cannabis became legalized across Canada, and in BC individuals are now allowed to legally grow up to four plants per residence. This new legislation change has made it increasingly important for the government to ensure that homes used in drug operations are made safe. There are many potential harms associated with growing ...

The post High Time for Change appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: May 1, 2019, 8:30 am

REALTORS® are committed to doing their part to ensure that money laundering has no role in the real estate sector. BCREA has worked with other real estate sector organizations to create a joint statement on money laundering, with shared recommendations to government. Recommendations included that government and regulatory agencies better utilize on-the-ground experience of real ...

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

Author: Harveen Johal
Posted: May 1, 2019, 8:30 am

In April, delegates from across the province registered for our 2019 Government Liaison Days, arranging meetings with 64 MLAs, including 11 cabinet ministers. Delegates advocated for policy changes to the Speculation and Vacancy Tax and the federal B-20 stress test to improve market housing affordability. The Speculation and Vacancy Tax has struggled to meet its ...

The post Working to Make Homes More Affordable for British Columbians appeared first on British Columbia Real Estate Association.

Author: Harveen Johal
Posted: May 1, 2019, 8:30 am

Seller’s agents must be certain that they are dealing with the person with authority to list and sell the property. Confirming the identity and the authority of your clients may seem simple. However, in the global society today with complex deals, complicated ownerships of property and challenging deals, the pitfalls may be expanding. Examples of ...

The post Know Your Seller #513 appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: April 18, 2019, 8:30 am

British Columbia Real Estate Association Board of Directors 2019-2020 BCREA Board of Directors, staff and key stakeholders were pleased to welcome Michael Trites as the 2019-2020 President at the annual general meeting on March 26, 2019. With more than 40 years as a licensed REALTOR®, Michael brings a wealth of knowledge and expertise to BCREA. ...

The post Michael Trites Leads Provincial Real Estate Organization appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: April 15, 2019, 3:30 pm

Cashless deposits aren’t mandatory, but they sure are best practice So your clients have put an offer down on their dream property. The offer is accepted and the next step is to put down the deposit. In most cases, your client will already have contacted their bank and lined everything up to make the transfer. ...

The post The Value of Going Cashless appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: April 15, 2019, 8:30 am

One step closer to a new professional development framework BC’s REALTORS® are one step closer to a new framework for professional development that is more flexible and REALTOR®-focused. On March 26, the leadership of the province’s 11 real estate boards and the British Columbia Real Estate Association (BCREA) approved a new framework that will recognize ...

The post Changes Coming to REALTOR® Professional Development appeared first on British Columbia Real Estate Association.

Author: Janie Cranfield
Posted: April 15, 2019, 8:30 am

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The ...

The post Stress Test Creating Pent-up Demand appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: April 15, 2019, 8:30 am

Vancouver, BC – April 15, 2019. Organizations representing key professions in the BC real estate sector submitted joint recommendations to the provincial and federal governments today to help protect BC’s housing market from money laundering. The participating organizations include the British Columbia Real Estate Association, the Appraisal Institute of Canada – BC Association, BC Notaries ...

The post BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government appeared first on British Columbia Real Estate Association.

Author: opacity
Posted: April 15, 2019, 8:30 am