Economics

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

    Commercial Indicator Reaches High In Q4 2020
    BCREA Nowcast
    UPDATE: COVID-19 Recovery Dashboard
    Housing Market Update – February 2021
    A Record-Setting Start to 2021
    BCREA 2021 First Quarter Housing Forecast Update: Provincial Housing Market Set Up for Very Strong 2021
    Strong December Home Sales Close Out an Unprecedented Year
    BC Housing Market Posts Strongest November on Record
    Markets at a Glance
    Mortgage Rate Forecast
    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
    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

    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.

    Find out more.




    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.

    Find out more.