UPDATE: COVID-19 Recovery Dashboard

The dashboard was last updated on September 28, 2022. The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s state of emergency. To monitor the province’s progress, we

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Bond yields on a rollercoaster ride but mortgage rates remain flat. Is the Canadian economy slowing? When will the Bank of Canada reverse course? Mortgage Rate Outlook Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex

BCREA and Real Estate Board Delegates Join Discussion on Housing Affordability at 2022 Union of British Columbia Municipalities Convention

Last week, BCREA and five of BC’s real estate boards sent delegates to the Union of BC Municipalities (UBCM) Convention in Whistler to meet with local and provincial political leaders. Throughout the event, BCREA’s delegates delivered a clear message on housing affordability. Firstly, we set out to challenge housing myths, including the idea that foreign

BC Housing Market Showing Signs of Stabilizing Despite Decreased Activity

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential

Housing Supply: Myth Busting and Providing Real Solutions

For too long, governments have accepted beliefs about the housing market which have led to policies that have not appropriately addressed the issue of housing unaffordability. These myths have been reinforced through mainstream and social media and are widely accepted as true. But are they? Here we address two of these housing myths and examine

BCREA 2022 Third Quarter Housing Forecast Update: High Mortgage Rates Will Weigh on Housing Activity Through 2023

To view the BCREA Housing Forecast Update PDF, click here. Vancouver, BC – September 8, 2022. The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 34.4 per cent from a record high 2021 to 81,900 units

BCREA Access: Explore Five Useful Resources Available Now

BCREA Access is the new, exclusive platform for BC REALTORS® to find professional resources from BCREA. Created to ensure REALTORS® have timely and secure access to BCREA Resources with CREA discontinuing REALTOR Link® on September 15, 2022, BCREA Access has many useful resources available now. Haven’t signed in to BCREA Access yet? Using BCREA Access