MLS® Home Sales Generate $2 Billion in GDP and 28,800 Jobs
BCREA released today a report on the economic impact of Multiple Listing Service® (MLS®) residential sales to the provincial economy in 2007 . . . more >>
Swollen Inventories Favour Homebuyers
BCREA reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 38 per cent to $2.9 billion in July, compared to July 2007 . . . more >>
The Bulletin (August 2008)
The Bulletin is BCREA's bimonthly newsletter, featuring real estate news from a provincial perspective. In this issue:
- Do-Not-Call List Launches September 30
- President’s Report: Creating Opportunities
- Future Thoughts for Better Advertising Success
- Staying on Top of Your Game
- It’s Getting Hot in Here
- Consumers Re-Evaluate Risk
Read the issue here. For an email subscription to The Bulletin, click here.
Legally Speaking (August 2008)
Legally Speaking is an essential monthly newsletter for all professionals involved in real estate transactions. In this issue:
Features: Mike Mangan - Brokerage Uses Oppression Remedy to Collect Commission
Read the issue here. For an email subscription to Legally Speaking, click here.
New Tool Helps Homebuyers Navigate Presales
The British Columbia Real Estate Association (BCREA), the Canadian Home Builders’ Association of BC (CHBA BC) and the Urban Development Institute (UDI) are pleased to introduce a new tool to assist homebuyers in the purchase of homes under development, also known as presales . . . more >>
New Mortgage Market Regulations Coming
On July 9, the Government of Canada announced that mortgage market regulations would tighten later this year to ensure a healthy housing market and reduce the risk of a US-style housing bubble from developing in Canada . . . more >>
New law requires real estate agents to verify ID of buyers and sellers and track deposits
New federal laws and regulations dealing with money laundering and anti-terrorist financing that went into effect on June 23, 2008 require real estate agents and brokers to collect and verify more personal information from buyers and sellers. Real estate agents must also now track the source of funds received during the course of a real estate transaction, such as the deposit.
Click here to read the full news release issued The Canadian Real Estate Association.
Click here to read a brochure created for buyers and sellers of real estate.
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