Post Covid housing recovery strong in BC

August 28th, 2020

Vancouver, BC - August 25, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 per cent to 82,380 units this year, after recording 77,351 residential sales in 2019. MLS® residential sales are forecast to increase 17.6 per cent to 96 ...

Strata Insurance - Updates to Strata Properties Act

August 28th, 2020

August 27, 2020 - The Province of BC has changed the Strata Property Act and the Financial Institutions Act in response to the recent escalation of insurance premiums and deductibles. In a communication to Strata Managers, the Real Estate Council of BC (RECBC) highlighted that now:

  • Strata corporations are required to inform owners as soon as it is feasible of any material change in the str ...