An interesting report release by the BCREA today predicts a rise in home sales in 2011. Though their forecast for this year shows a 7% decline compared to 2009, they expect to see a 5% rise in 2011. Stating a slowly falling number of listings heading into the second half of the year (which, while contrary to many media, is quite accurate), it looks like the current Buyer's market may be shorter-lived than originally thought and balance could be restored by early next year.

The Canadian Real Estate Association (CREA) has been engaged in negotiations with the Competition Bureau since October. As previously reported, the Bureau believes that “aspects of CREA’s Three Pillars of MLS® and the Interpretations prevent innovative business models from offering unbundled real estate services.”

Earlier today, the Competition Bureau announced their decision to end negotiations with CREA and take the matter to the federal Competition Tribunal. CREA was surprised and disappointed to learn of the Bureau’s decision this morning.

Last week, CREA advised the Bureau of their willingness to move forward with rule changes to clarify the way the rules at issue actually operate, whether or not a settlement with the Bureau could be reached. CREA has provided an update to members (see link below) that includes the proposed changes.

Your Board fully supports CREA in their dealings with the Bureau and will thoroughly review the proposed changes and provide feedback in due course.

•        Click here to read a press release CREA issued today.

•        Click here to read the Competition Bureau's news release issued today.

As for my thoughts? They are simple... I could do my own taxes... I could write my own will... heck, I could even steam my dress shirts... but I don't. Why? Because there is someone else out there who specializes in what I am looking for and they do it better than anyone else. While it may be possible for you to sell your own home, I can do a better job of it and ultimately make you more money. If I didn't sincerely believe that, I wouldn't do what I do...

I say open the system up and open the information up. Those who are good at what we do will adapt to the changes and thrive. Those who have relied on hoarding information will disappear. Good riddance. This is industry is long over due for an overall and I, for one, am looking forward to it.

My new website is under development and should be up and running in its full capacity soon. Over the next few days, please bear with me as I work through some kinks and get some new features added. If you have any questions or comments, I look forward to hearing from you!