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.

    BCREA Nowcast
    Commercial Leading Indicator Dips in Third Quarter 2021
    UPDATE: COVID-19 Recovery Dashboard
    Housing Market Update – November 2021
    BC Housing Market at Historically Low Level of Supply
    BCREA 2021 Fourth Quarter Housing Forecast: Strong Market Activity to Continue in 2022
    Record-Low Supply Keeps Market Conditions Tight in September
    Way Out of Balance: Housing Supply and Demand During the Pandemic
    Mortgage Rate Forecast
    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
    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
    Markets at a Glance

    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.