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HomeNewsletter - November 2020

TOP STORIES FROM LAST MONTH:

 

- Kadrea-kar.info site updates
- KADREA REALTOR® Award winners announced
- BoD election consent form
- November monthly stats resources
- BCREA news
- Events
Membership Update

1. Stay updated with the latest on Covid-19 related news and REALTOR® resources

All REALTORS® alike have stepped up to the challenge of swiftly adjusting to changes while adhering to safety measures to at an operational level. While the economic tremors of the Covid-19 pandemic were felt across industries in 2020, real Estate was one of the few sectors which recorded growth instead.  

KADREA strives to provide additional support materials to Realtor® members in our path to recovery. Realtors® and stakeholders alike, can access the latest updates and resources that matter to the real estate industry professionals in BC on the Kadrea-kar.info site.

2. Winners of the KADREA Awards 2020 announced:


As the Gala dinner was cancelled this year keeping the Covid safety precautions in mind, the winners of the KADREA Awards 2020 were announced via Zoom on Dec 04, 2020. 

More than 50 Realtors® members and KADREA affiliates were nominated across 6 categories for their exemplary performance in 2020.

We congratulate every nominee and the winners of the KADREA Awards 2020. They have done a fantastic job.

REALTOR® of the Year 2020


Rookie REALTOR® of the Year


Outstanding Affiliate Award


Distinguished Service Award


Non-member Citizenship Award


REALTOR® Choice Award


 

2. January 04 is the last day to apply for one position in KADREA Board of Directors 2021:

We are in process of electing a new Director for one open position on the KADREA Board of 2021. This is your opportunity to get involved in shaping the future of our association and to actively be the voice of fellow REALTORS® in Kamloops!

If you're interested in joining us and have been a KADREA member for the last 2 years, come forward and nominate yourself for this role using the consent form provided below.

Download BoD Election consent form 2021

Please download and send the filled PDF form to bobbi@kadrea.com. Last date for entries is January 04, 2021.


3. November 2020 KADREA monthly stats released:

Kamloops real estate market remains red-hot. November saw sales 40 per cent higher than November 2019 and, with 262 homes changing hands, a 10-year high was set, besting 2017's mark of 217 sales. Read More on KTW>>.

Key Insights:

  • With 262 units sold, this was the best November performance for Kamloops real estatein the last decade
  • Single-family (149) homes yet again, sold the most in the region and 93 Multi-family listings were sold
  • We were down to only 1002 active listings at the end of November
Press Release snippet:

The market will continue to be affected by low supply into the new year as the remarkable demand has brought down the cumulative inventory levels to all time lows throughout all of 2020. According to Runge "Due to the continued lack of inventory, the average prices have risen by double digits throughout BC. I think that in the new year, people wanting to sell their homes will feel more at ease to do so as we're seeing more of a light at the end of the tunnel with all the uncertainties that we faced in 2020 starting to ease. This should help our inventory levels bounce back and while still likely being a seller's market for quite some time as the demand is still pent up, we should see the market trending towards being more balanced by the end of 2021."


Upcoming Events
Upcoming Courses

BCREA NEWS:

1. REALTORS® Encouraged to Continue Safe Business Practices in Light of New Public Health Orders


Date: Nov 05, 2020

Real estate agents across British Columbia are being asked to temporarily stop holding open houses in an effort to curb the rise of COVID-19.

The recommendation comes from the regulatory agencies overseeing B.C. real estate professionals as well as the provincial association representing Realtors. 

The PHO’s recent announcement and order extends the ban on social interactions and non-essential travel to the entire province. While these restrictions do not apply directly to rental and home sale viewings, Realtors should continue to use virtual tools in order to limit face-to-face interactions.

Read More >>

2. New Index Created for Quick Access to BCREA Standard Forms Resources


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 quick access to the information you need to support you throughout the different phases of your transactions.

Read More >>

3. Housing Market Update - November 2020

CREA Update:


1. Legacy Version of CREA WEBForms® to be discontinued




The Legacy version of CREA WEBForms® will no longer be available as of December 17, 2020. Make sure you're prepared for when this takes effect.

Some members are using the Legacy version to download or view older transactions and files. 
 
As of December 17, 2020, you will no longer have access to the Legacy version of CREA WEBForms®.
 
Make sure to move your old transaction kits and clauses from the Legacy version to the new CREA WEBForms®. 
 
Get started now:

Watch this video to learn how to migrate your transactions from the Legacy version of CREA WEBForms®.

Log in to WEBForms.ca to move your transaction kits.

Register for a free live webinar with a CREA product expert to master the new CREA WEBForms®.


2. Click here for the latest CREA events 

SEPTEMBER 2020 MEMBERSHIP UPDATE:


Joining Members

Leaving members:

1. Philippa Thiessen - Royal LePage Westwin
2. Chris Black - Royal LePage Kamloops