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Economic growth patterns are being driven by tariff avoidance in the first quarter, but signs of slowing are emerging.

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Identifying Different Property Interests in British Columbia #584

Property ownership in BC can take many different forms. In this article, we examine REALTORS®' role in correctly representing them.

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Oct 29, 2020

COVID-19: Population Growth and Housing Demand

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Oct 29, 2020

COVID-19: Population Growth and Housing Demand

Author profile photo
By Kellie Fong,
Economist
Author profile photo
By Kellie Fong,
Economist

To view the Market Intelligence Report PDF, click here.

Summary Findings:

  • Immigration is the most important driver of population growth in BC, with a growing share within the prime working-age and household-forming demographic.
  • The global pandemic has resulted in a sharp drop in immigration and consequently BC reporting one of the lowest quarterly increases in population growth since 2011.
  • In the short term, the impact of lower population growth will weigh most significantly on the rental market due to a significant reduction in international students and new permanent residents.


For more information, please contact:

Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
[email protected]

Kellie Fong
Economist
Direct: 778.357.0831
Mobile: 604-366-6511
[email protected]

To subscribe to receive BCREA publications, or to update your email address or current subscriptions, click here.

Author profile photo
By Kellie Fong,
Economist
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