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 eight real estate boards and 26,000 commercial and residential REALTORS® across British Columbia.
- Housing Market Update
- BCREA Nowcast
- Housing Monitor Dashboard
- Commercial Leading Indicator
- Markets at a Glance
- Forecasts / Thought Leadership
- Market Intelligence
- Housing Forecast
- Mortgage Rate Forecast
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- Tags:
- COVID-19
- Statistical Releases
- Mortgages
- Professional Development Program
- Housing Affordability
- Housing Supply
- BC Financial Services Authority (BCFSA)
- Multiple Listing Service (MLS®)
- BCREA Board of Directors
- Interest Rate
- BC Home Sales
- Market Intelligence
- Resources for REALTORS®
- Cooling Off Period
- Housing Policy
- Speculation and Vacancy Tax
- Land Owner Transparency Act
- Land Owner Transparency Registry
- Provincial Budget
- BC Economy
- Housing Market
- B-20 Stress Test
- First Time Home Buyer Incentive
- Residential Construction
- Foreign Buyer Ban
- Chief Economist
- Brendon Ogmundson
- Immigration
- Economic Recovery
- Home Prices
- Commercial Real Estate
- Post-Pandemic Housing Market
- Recessions
- Post-Pandemic Recovery
- Markets at a Glance
- Mortgage Rate Forecast
- Housing Forecast
- Commercial Leading Indicator
- Nowcast
- Unemployment Rate
- Population Growth
- Gross Domestic Product (GDP)
- Housing Monitor Dashboard
- Bank of Canada
Housing Monitor Dashboard
Housing Market Update – November 2023
BC Markets Finding Balance at Low Levels of Activity
Markets at a Glance
BCREA 2023 Fourth Quarter Housing Forecast: High Rates Will Hold Back Sales Over the Next Year
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?
Mortgage Rate Forecast
Sales Trend Slightly Lower in August
Commercial Leading Jumps in Second Quarter 2023
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
BC Home Sales Continue at Slower Pace
Balanced Conditions Prevail in BC Housing Market
BC Home Sales Continue at Slower Pace in September
August Home Sales Suggest Impact of Stress Test Fading
Summer Home Sales Slow to a Simmer
A Return to Balance for BC Housing Market
BCREA Nowcast
BCREA’s Nowcast is a tool used to track monthly growth in the BC economy. Growth of provincial GDP is a key indicator of economic activity, but provincial GDP data is only available annually and with a considerable delay.
The Nowcast compiles monthly economic data into one easy to understand number, expressed as the year-over-year growth in the BC economy.
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.