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.

    COVID-19 Reopening Dashboard
    BCREA Nowcast
    UPDATE: COVID-19 Economic Impacts Dashboard
    Mortgage Rate Forecast
    Housing Market Update – June 2020
    Housing Market Activity Shows Signs of Recovery in May
    BCREA Chief Economist Re-appointed to Economic Forecast Council
    BCREA 2020 Second Quarter Housing Forecast: BC Homes Sales to Post Strong Recovery in 2021
    Commercial Activity Nosedives in 2020 Q1
    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.