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HomeNewsletter - September 2020

KADREA SEPTEMBER 2020 NEWSLETTER

The year 2020 has been full of uncertainty and the real estate market in Kamloops has behaved no differently. But thanks to resilient REALTORS® in the region, the market has not only recovered but has been performing consistently well over the last 4 months. We have observed that the market hasn't displayed any abrupt behaviour during the recovery phase. Not many would argue that the Kamloops real estate market will continue to be a balanced one in the days to come.

Technological additions to support business have aided immensely to the REALTORS'® daily routine. Live tours and digital media have come to the rescue while the market scenario has changed considerably over summer. We are now moving towards normalcy and one such sign of normalcy is that the KADREA Office, is now open.

KADREA News:

 

1. KADREA Office open again after 5 months.

Following the unwanted arrival of the coronavirus in March 2020, and the lockdown being implemented in Kamloops, KADREA office was shut down. The staff worked from home and arrangements were made by the staff to incorporate all of the official work to be done from home. In this time, the staff left no stone unturned to help Realtors® achieve their daily business goals. 

Most recently, KADREA office has added accredited courses that members can avail before the end of 2020, that too for FREE! KADREA Board of Director (Education) - Aaron Krausert made an announcement during the lockdown.

For all Kamloops Realtors® who were KADREA members as of 2019, KADREA will pay for two of their courses which can be availed until Dec 31, 2020. We urge members to take their free course if they haven't taken them yet.

Alternatively, members can also choose to take the mandatory (RECBC) Ethics course for free by using the KADREA coupon code. Contact the board office or email us at support@kadrea.com for the code.

*All courses will be held online.

Upcoming Events
Upcoming Courses
2. Kamloops monthly stats now released for September:

Key Insights:
  • Kamloops once again, had a record-setting month in terms of units sold and average price
  • Single-family homes (215) sold the most in the region
  • Inventory-wise, September stood low at 402 all residential units
  • Following a steady recovery over the last 4 months, 2020 now seems to be an average year. Only a few percentage points adrift from our Year-To-Date (YTD) sales at this time last year.

Press Release snippet:

When asked about the chances of this trend continuing over winter, KADREA President, Wendy Runge said, “We are neither seeing the signs nor expecting a slowdown, at least, for the next couple of months. Provided that people continue to want to sell their homes, I can imagine that Kamloops will continue to be a healthy market for real estate sales."

INDUSTRY News:


1. WorkSafeBC: Safe working operations in collaboration with BCREA



These protocols are for those providing services related to real estate, including real estate professionals and home inspectors. These employers may also benefit from reviewing protocols related to office space. Employers must also ensure they are abiding by any orders, notices, or guidance issued by the provincial health officer, and the appropriate health authority, that are relevant to their workplace. Read more >>


2. RECBC & OSRE: The Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of British Columbia have proposed changes to administrative penalties. 

    

The Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of BC (RECBC) are opening a consultation on proposed changes to administrative penalties. The changes will make administrative penalties a more effective tool to increase compliance by real estate professionals and strengthen consumer protection for British Columbians when buying or selling property. Members of the public, stakeholders, and real estate professionals are invited to submit their feedback during the 45-day consultation period. Read More >>


3. BCREA & BC Hydro: The BC Energy Step Code and what It means for REALTORS®



In the coming years, new homes in BC are about to get measurably healthier, quieter, more durable, and more energy efficient than those on the resale market, thanks to a regulation called the BC Energy Step Code. BCREA is collaborating with BC Hydro to ensure REALTORS® understand the BC Energy Step Code, so they can better advise their clients and meet the growing demand for “high-performance homes.” Read More >> 


INDUSTRY RESOURCES:

BCREA Standard Forms
CREA Magazine - Fall edition

SEPTEMBER 2020 MEMBERSHIP UPDATE:


Joining Members

Transfers:

Dan Dorovolny Remax Kamloops to EXP
Ethan St. Germain Century21 DH to Flex Realty
Cameron McKeen Rivercity Realty to EXP
Harman Lidder Royal LePage Westwin to EXP
Katrina Cavaliere Rivercity Realty to EXP
Albert Pereira Coldwell Banker to EXP
Scott Andruschak Rivercity Realty to EXP
Richard Bates Rivercity Realty to EXP
Stacie Combs Rivercity Realty to EXP
D'Ann Faint Rivercity Realty to EXP
Henry Hayward Rivercity Realty to EXP