What We Do

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 11 real estate boards and 23,000 commercial and residential REALTORS® across British Columbia.

    BCREA 2020 First Quarter Housing Forecast: BC Homes Sales Carry Momentum into 2020
    Housing Market Update – January 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
    Markets at a Glance: December 2019
    BCREA Nowcast
    Home Sales Firming Across the Province
    Mortgage Rate Forecast
    Commercial Activity Remains Stable in 2019 Q3
    Home Sales Continue Normalization Trend in October

    BCREA Nowcast

    Growth of provincial GDP is a key indicator of economic activity, but provincial GDP data is only available annually and with a considerable delay. That’s why we have developed the BCREA Nowcast – a tool for tracking monthly growth in the BC economy.

    The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) in May is 2.5 per cent, a slight decline from 2.6 per cent in April.

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    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.

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