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HomeNewsletter - July 2020

KADREA July Newsletter:

The real estate market in Kamloops has been showing signs of recovery. Evident from the sales numbers in the last two months, in this summer heat, REALTORS® have been the real rainmakers! 

From following health and safety guidelines to staying abreast with the latest technological advancements and finding new ways of doing business, our members have been showing their professional competency in the market during the pandemic.

In these changing times, boards across BC have come together to launch campaigns and landing pages that have helped members get latest covid-related information to stay on top of their business.

In this edition of the KADREA newsletter, we will cover some of them.

BOARD UPDATES:

KADREA members can avail the mandatory Ethics course for free:

The KADREA board of directors recently passed a motion to demonstrate their sincere appreciation for our members’ fortitude, patience and professionalism as we have, and continue to, navigate this new environment.
 
On 10th July, KADREA Director Aaron Krausert announced that the board will be covering the cost of the Real Estate Council of BC’s mandatory Ethics course for members who wish to take the course before December 31, 2020. KADREA will cover the $175 cost for every member!
WATCH ANNOUNCEMENT:


Please find the course details below and the steps that you'll need to take in order to get this course for free. Contact support@kadrea.com for the coupon code.

1. Click on the registration button below
2. Select 'Ethics'
3. Select 'Ethics-Special' $175

REGISTER HERE

KADREA President Wendy Runge's message to the membership:

In the wake of the covid-19 pandemic, the board has continued to provide a trusted voice on behalf of the real estate profession to government leaders and other stakeholders. 

On July 2nd, KADREA released a video from Wendy Runge, thanking members for their professionalism and community support during COVID-19. Watch the full video below.

President's Message:



KADREA June sales figures:

Please note: These numbers are for the month of June. The July report will be released on 4th August 2020.

The board released it's new format of monthly sales reporting in the month of June. The public can access these reports and graphics on the KADREA Website. Members can also share the graphics on their public pages for their clients. Read the June news article here.


Click here to download June Stats Press Release 

Click here for CREA Kamloops Report


BCREA Update:

UPDATE: COVID-19 Reopening Dashboard

The dashboard was last updated on July 29, 2020.

The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province's subsequent state of emergency.

Read more on BCREA

REALTORS® Continue to Be Hit Hard by Economic Slowdown from COVID-19

BCREA conducted a follow-up survey on the impacts of COVID-19 faced by REALTORS®. The survey was completed by 1,950 Realtors from all boards between July 13 and July 20.

A quarter of Realtors (26 per cent) continue to report no income from transactions since the end of May. Respondents' most common reason for not receiving income was that "clients are holding out on purchasing or selling at the moment due to fear of the unknown."

Read more on BCREA


CREA UPDATE:

COVID-19: Government Financial Support Round-Up

Please note: the federal government is constantly updating their website as new information is announced. Remember to check Canada's official coronavirus webpage and CREA's COVID-19 online hub to stay up to date.

As the federal government continues to fine-tune support programs in response to the COVID-19 pandemic, CREA is pleased to provide a round-up of financial help available to our members during this challenging time

Read more on CREA

Government Announces CEWS Redesign, Refutes Reports of Home Equity Tax

On Friday, July 17, Minister of Finance Bill Morneau announced a redesign of the Canada Emergency Wage Subsidy (CEWS) to help broaden the program’s reach. These proposed changes to the CEWS were debated and approved in the House of Commons on July 21. They include:

- extending the program until December 19, 2020;
- allowing entities that use the cash method of accounting to use accrual-based accounting to compute their revenues;
- making the subsidy accessible to a broader range of employers by including employers with a revenue decline of less than 30% and providing a gradually decreasing base subsidy to all qualifying employers; and
- introducing a top-up subsidy of up to an additional 25% for employers that have been most adversely affected.

MEMbership update



Leaving Member:

Aaron Applin - Royal LePage Merritt





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