REIBC Commissioned Research

Hot properties: How global warming could transform BC's real estate sector
Climate change is set to fundamentally alter the way BC's real estate industry does business, says a new report from the David Suzuki Foundation. The report says changes in purchasing behaviour, new government regulations and to the way in which insurers calculate risks will affect the design and location of new developments and could substantially alter property values throughout BC. The report, Hot properties: How global warming could transform BC's real estate sector, was commissioned by REIBC and is available by clicking here . (This report was released in November 2007.)

BC real estate in a diversified portfolio
BC real estate should be part of an investor’s Canadian real estate portfolio, says a REIBC report. For an investor choosing between real estate and stocks and bonds, BC real estate should make up at least 50 percent of their portfolio. The preliminary results of the report, entitled BC real estate in a diversified portfolio, examines the place BC real estate has in a Canadian investor’s portfolio. The document was commissioned by REIBC and prepared by Tsur Somerville, Director, UBC Centre for Urban Economics and Real Estate, and Associate Professor, Strategy & Business Economics. To view the report, click here . (This report was released in October 2006.)

Demography and demand: Managing growth and change in the real estate industry
Th ere will be a shortage of real estate professionals in British Columbia in the future due to retirement and a projected growth in the housing market unless recruitment levels almost double, says a REIBC report. The report, entitled Demography and demand: Managing growth and change in the real estate industry and commissioned by REIBC, says about 1,360 people would need to be recruited each year between 2005 and 2021. “For every person recruited into this sector to fulfill demand from growth in the industry, another would have to be recruited in order to replace someone who retires. This level of recruitment would be almost double the 1991 to 2001 average of 709 people per year.” To view the report, click here . (This report was released in September 2005.)