Economics

Economics

The BCREA Economics team strives to enhance understanding of the factors that influence housing markets. We analyze housing markets and the economic trends that shape them for the eight real estate boards and 26,000 commercial and residential REALTORS® across British Columbia.

    Housing Monitor Dashboard
    Auckland’s Housing Supply Experiment: What Does it Mean for British Columbia’s Homes for People Plan?
    Mortgage Rate Forecast
    Housing Market Update – September 2023
    Sales Trend Slightly Lower in August
    Commercial Leading Jumps in Second Quarter 2023
    BCREA Nowcast
    BCREA 2023 Third Quarter Housing Forecast Update: BC Housing Market Resilient Despite High Rates
    Markets at a Glance
    Bank of Canada Upends Summer Sales Recovery
    Strong Start to the Summer, But Higher Interest Rates Loom
    Strong Rebound for BC Home Sales in May
    A Brief Note on New Listings Activity in 2023
    Lack of Inventory Creating Tighter Market Conditions Across BC
    BC Markets Showing Signs of Recovery As Supply Remains Scarce
    Unprecedented Pace of Construction Needed to Offset the Impact of Record Immigration to BC
    Provincial Housing Market Showing Signs of Recovery Heading into Spring
    Housing Market Activity Off to a Slow Start in 2023
    A Guide to Recessions and the BC Housing Market
    Home Sales Decline in 2022 After a Record 2021
    Housing Market Activity Remains Slow in November
    BC Home Sales Remain Slow While Active Listings Plateau
    BC Market Activity Remains Subdued in September
    UPDATE: COVID-19 Recovery Dashboard
    BC Housing Market Showing Signs of Stabilizing Despite Decreased Activity
    BC Home Sales Continue to Slow in July
    High Mortgage Rates Keeping Potential Buyers Sidelined
    Rising Mortgage Rates Continue to Slow Market Activity
    BC Home Sales Trending Toward Normal Activity
    New BC Real Estate Association Report Estimates Impacts of Increased Supply on BC Housing Market
    Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large
    Sales Activity Remains Strong Heading into Spring
    Extremely Tight Conditions Persist in the BC Housing Market
    Too Tight? The Impact of Bank of Canada Tightening on BC Housing Markets
    A Record Year for the BC Housing Market
    November Home Sales Lead to New Annual Record in BC
    PODCAST: Cooling Off Periods and Other Interventions – Will They Work? (November 2021)
    BC Housing Market at Historically Low Level of Supply
    Record-Low Supply Keeps Market Conditions Tight in September
    Way Out of Balance: Housing Supply and Demand During the Pandemic
    BC Home Sales Returning to Normal While Supply Hits Record Low
    BC Housing Market Activity Continues Moderating Trend in July
    Housing Market Activity Normalizing After a Frenetic Year
    PODCAST: Five Questions for the Post-Pandemic Housing Market (June 2021)
    Get to Know BCREA Economics: The Go-To Resource for Housing Trends in BC
    Five Questions for the Post-Pandemic Housing Market
    Strong Demand, Dwindling Supply for BC Housing Markets
    BC Markets Calming but Sales Still on Record Pace
    Record-Setting Month for BC Homes Sales
    Supply and Demand: A Quantitative History of BC Home Prices
    BC Housing Market Continues at a Record Pace
    A Record-Setting Start to 2021
    Strong December Home Sales Close Out an Unprecedented Year
    BC Housing Market Posts Strongest November on Record
    PODCAST: Episode 13 – What REALTORS® Need to Know About Land Owner Transparency
    BC Housing Market Continues Record Pace in October
    COVID-19: Population Growth and Housing Demand
    Record September for BC Housing Markets
    BC Housing Markets Heat Up as Summer Ends
    “The Unusual World of Pandemic Economics” – Why BC’s Housing Market Remains Strong Despite COVID-19
    Monitoring COVID: BCREA Develops New Economic Resources
    Strong Recovery Continues for BC Housing Markets
    BC Housing Markets Bounce Back in June
    Housing Market Activity Shows Signs of Recovery in May
    BCREA Chief Economist Re-appointed to Economic Forecast Council
    Behind BC’s Unemployment Rate During COVID-19
    Webinar: “The End of The Beginning” and BC’s Real Estate Sector & Economy
    Housing Market Slows, but Resilient in Response to Pandemic
    Is It Different This Time? Recessions and the BC Housing Market
    Pandemic Halts Sales Activity in March
    Sketching Out the Potential Impact of COVID-19 on the BC Housing Market
    BC Home Sales Trend Higher in February
    Estimating the Impacts of the Speculation and Vacancy Tax
    BCREA Welcomes Change to Stress Test
    BC Housing Markets Off to a Strong Start in 2020
    Housing Markets Flat in 2019 After Strong Second Half
    A New Year and New Resources for REALTORS®: What to Expect From BCREA in 2020
    Home Sales Firming Across the Province
    Home Sales Continue Normalization Trend in October
    Market Momentum Continues into the Fall
    Brendon Ogmundson Steps Into Role of BCREA Chief Economist
    Potential Uptake of the First-Time Home Buyer Incentive
    Housing Demand Continues to Recover in August
    Housing Demand Improves in July
    The Impact of the B-20 Stress Test on BC Home Sales in 2018
    BC Home Sales Trend Lower in June
    BC Home Sales on the Rise in May
    Affordability Continues to Weigh on Housing Demand
    Stress Test Creating Pent-up Demand
    Mortgage Stress Test Continues to Dampen Home Sales in February
    Policy-Induced Housing Slowdown Continues into 2019
    BC Home Sales Decline 25% in 2018
    BC Home Sales Continue at Slower Pace
    Balanced Conditions Prevail in BC Housing Market
    BC Home Sales Continue at Slower Pace in September
    August Home Sales Suggest Impact of Stress Test Fading
    Summer Home Sales Slow to a Simmer
    A Return to Balance for BC Housing Market
    Mortgage Policy Changes Hit Affordability Hard
    BC Home Sales Show Little Change in April

    BCREA Nowcast

    BCREA’s Nowcast is a tool used to track monthly growth in the BC economy. Growth of provincial GDP is a key indicator of economic activity, but provincial GDP data is only available annually and with a considerable delay.

    The Nowcast compiles monthly economic data into one easy to understand number, expressed as the year-over-year growth in the BC economy.

    Find out more.




    Markets at a Glance

    View year-to-date information on the pace of MLS® home sales for the province as well as in each of the BCREA member board regions and a comparison of current year sales with the previous year.

    Find out more.