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Housing Market Update – April 2024
Pent-up Demand Continues to Build as Sales Remain Slow
BCREA Nowcast
Mortgage Rate Forecast
Markets at a Glance
Provincial Housing Market Relatively Calm Heading into Spring
More Trouble Than It Is Worth – Analyzing the Impacts and Consequences of the Provincial Flipping Tax
Commercial Leading Indicator Jumps in Fourth Quarter 2023
Housing Monitor Dashboard
Housing Market Activity Picks Up to Start 2024
BCREA 2024 First Quarter Housing Forecast Update: BC Housing Market Set to Rebound Amidst Changing Interest Rate Environment
The 2023 Housing Market was Defined by High Rates and Slow Sales
Softening Home Sales but Prices Remain Firm Across BC
BC Markets Finding Balance at Low Levels of Activity
Renewed Bank of Canada Tightening Slows Sales Activity
Auckland’s Housing Supply Experiment: What Does it Mean for British Columbia’s Homes for People Plan?
Sales Trend Slightly Lower in August
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

Title

bcrea’s member boards

BCREA’s Member Boards

500
BC REALTORS®
600
Member Boards
700
Core Services

1
BC Northern Real Estate Board
2609 Queensway
Prince George, BC V2L 1N3
Phone: 250.563.1236
Fax: 250.563.3637

[email protected]
http://bcnreb.bc.ca

Executive Officer
Alexandra Goseltine
[email protected]

Chair
Kristine Newell
2
Chilliwack and District Real Estate Board
P1 – 8433 Harvard Place
Chilliwack, BC V2P 7Z5
Phone: 604.792.0912
Fax: 604.792.6795

http://www.cadreb.com

Executive Officer
Steve Lerigny
[email protected]

President
Brad Latham
3
Fraser Valley Real Estate Board
15463 – 104th Avenue
Surrey, BC V3R 1N9
Phone: 1.877.286.5685
Fax: 1.800.906.0258

http://www.fvreb.bc.ca

Chief Executive Officer
Baldev S. Gill
MBA, FCPA, FCGA, FCCA, SHRM-SCP, CPHR
[email protected]

Chair
Narinder Bains
5
Powell River Sunshine Coast Real Estate Board
PO Box 307
Powell River, BC V8A 5C2
Phone: 604.485.6944
Fax: 604.485.6944

[email protected]

Executive Officer
Brandy Peterson
[email protected]

President
Neil Frost
6
Greater Vancouver REALTORS®
2433 Spruce Street
Vancouver, BC V6H 4C8
Phone: 604.730.3000
Fax: 604.730.3103

https://www.gvrealtors.ca/

Chief Executive Officer
Jeff King
[email protected]

Chair
Jennifer Quart
7
Vancouver Island Real Estate Board
6374 Metral Drive
Nanaimo, BC V9T 2L8
Phone: 250.390.4212
Fax: 250.390.5014

http://www.vireb.com

Chief Executive Officer
Jason Yochim
[email protected]

Chair
Ian Mackay
8
Victoria Real Estate Board
3035 Nanaimo Street
Victoria, BC V8T 4W2
Phone: 250.385.7766
Fax: 250.385.8773

http://www.vreb.org

Chief Executive Officer
Dave Corey
[email protected]

Chair
Laurie Lidstone
99
Association of Interior REALTORS^®
112 – 140 Commercial Drive
Kelowna, BC V1X 7X6
Phone: 250.491.4560
Fax: 250.491.4580

https://www.interiorrealtors.ca/

Interim Chief Executive Officer
Sonja Harkness
[email protected]

President
Chelsea Mann

Self-Paced Online Courses

Reset

Provider	Title	Hours	Registration
BCREA	Cannabis and Real Estate: The New Paradigm	3	Register Now	Risk Management, Statutory Requirements, Client Management,
BCREA	Rural Real Estate Essentials	3	Register Now	Regionally Specific Requirements, Rural Properties, Client Management,
BCREA	Canada’s Anti-Spam Legislation: Guidance for REALTORS®	3	Register Now	Risk Management, Statutory Requirements, Communication,
BCREA	Land Types: Knowing More About the Products for Sale	3	Register Now	Property Valuation, Regionally Specific Requirements, Advertising,
BCREA	Strata Talks 1 – Depreciation Reports for REALTORS®	3	Register Now	Agency, Statutory Requirements, Client Management,
BCREA	Manufactured Homes: What REALTORS® Need to Know 2.0 (2 hours)	2	Register Now	Building Design &/or Construction, Statutory Requirements, Advertising,
BCREA	Client Engagement Excellence: Negotiating Skills	3	Register Now	Ethics, Client Management, Negotiations,
BCREA	Standard Form Essentials: The Property Disclosure Statement	3	Register Now	Contracts & Standard Forms, Disclosures, Communication,
BCREA	Strata Fundamentals 1 (Online)	6	Register Now	Forms of Ownership, Title Searches, Client Management,
BCREA	Disclosures in Real Estate	6	Register Now	Disclosures, Statutory Requirements, Communication,
BCREA	Mastering Compliance 2.0: Anti-Money Laundering Training for Brokers	9	Register Now	Professional Standards, Statutory Requirements, Communication,
BCREA	Client Engagement Excellence: Assessing and Presenting Skills	3	Register Now	Professional Standards, Risk Management, Organization Skills,
BCREA	Healthy Indoor Environments	4	Register Now	Building Health, Environmental Due Diligence, Communication,
BCREA	Radon for REALTORS®	3	Register Now	Building Health, Environmental Due Diligence, Communication,
BCREA	Contract Law Foundations for REALTORS®	3	Register Now	Contracts & Standard Forms, Disclosures, Client Management,
BCREA	Know Your Product: House Structures (Online)	6	Register Now	Building Design &/or Construction, Building Health, Communication,
BCREA	The BC Energy Step Code: A Primer for Selling Energy-Efficient New Homes	3	Register Now	Building Design &/or Construction, Energy Efficient Housing, Advertising,
BCREA	Economics for REALTORS®: How to Apply Economic Data and Trends to Help Your Clients	2	Register Now	Commercial, Economics, Trends & Statistics, Property Valuation,
BCREA	Know Your Product: House Systems (Online)	6	Register Now	Building Design &/or Construction, Building Health, Disclosures, Energy Efficient Housing, Property Valuation, Regionally Specific Requirements,
BCREA	FINTRAC for REALTORS®: Understanding Canada’s Anti-Money Laundering Laws	3	Register Now
BCREA	The Home Buyer Rescission Period: What REALTORS® Need to Know	1	Register Now
BCREA	The REALTOR®’s Guide to Suspicious Transactions	3	Register Now	Risk Management, Statutory Requirements,
BCREA	Introduction to Disclosures in Real Estate	3	Register Now	Agency, Contracts & Standard Forms, Disclosures, Privacy, Professional Standards, Risk Management, Statutory Requirements, Ethics,
BCREA	Navigating Transactions Involving Powers of Attorney and Executors	2	Register Now	Agency, Professional Standards, Statutory Requirements, Title Searches,

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bcrea’s member boards

BCREA’s Member Boards

500

600

700

Self-Paced Online Courses

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