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

    Housing Market Update – October 2020
    Record September for BC Housing Markets
    BCREA Nowcast
    UPDATE: COVID-19 Reopening Dashboard
    Mortgage Rate Forecast
    BC Housing Markets Heat Up as Summer Ends
    “The Unusual World of Pandemic Economics” – Why BC’s Housing Market Remains Strong Despite COVID-19
    Commercial Activity Impacted by Pandemic in 2020 Q2
    BCREA 2020 Third Quarter Housing Forecast Update: Surprisingly Strong Recovery to Propel Housing Market in 2021
    Strong Recovery Continues for BC Housing Markets

    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.