What We Do

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 Webcast October 2019
    Market Momentum Continues into the Fall
    BCREA Nowcast
    Brendon Ogmundson Steps Into Role of BCREA Chief Economist
    Potential Uptake of the First-Time Home Buyer Incentive
    Mortgage Rate Forecast
    Markets at a Glance: August 2019
    Housing Demand Continues to Recover in August
    Continued Stabilizing Commercial Activity in 2019 Q2
    BCREA 2019 Third Quarter Housing Forecast Update: BC Homes Sales Set to Normalize in 2020

    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.