Economics

Housing Market Update – February 2020

Watch BCREA Chief Economist Brendon Ogmundson discuss the January 2020 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/YmWmXG91AXs” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] To subscribe to receive BCREA publications such as this

BC Housing Markets Off to a Strong Start in 2020

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January

BCREA Nowcast

BC Monthly Real GDP Estimate for November 2019 (Updated: January 31, 2020) The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for November is 1.1 per cent, down from 1.5 per cent annual growth in October. That is the lowest estimated growth since December 2009. Estimated real GDP growth

Housing Markets Flat in 2019 After Strong Second Half

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 per cent from the 78,516 units sold in 2018. The

Markets at a Glance: December 2019

These charts provide 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.

Home Sales Firming Across the Province

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, an increase of 27.5 per cent from the same month last year. The average

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Wild year for interest rates Canadian economy: slow and steady Why is the Bank of Canada holding back? Mortgage Rate Outlook As the year ends, it’s worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago,

Commercial Activity Remains Stable in 2019 Q3

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) fell slightly to 135.3 in the third quarter of 2019. The index remains unchanged compared to the same time last year. Provincial economic activity continued to slow in the third quarter of 2019, with declines in retail and manufacturing