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.

    BCREA Creates COVID-19 Impacts Dashboard
    Sketching Out the Potential Impact of COVID-19 on the BC Housing Market
    Housing Market Update – March 2020
    BC Home Sales Trend Higher in February
    Estimating the Impacts of the Speculation and Vacancy Tax
    BCREA Nowcast
    Commercial Activity Declined in 2019 Q4
    BCREA Welcomes Change to Stress Test
    BC Housing Markets Off to a Strong Start in 2020
    BCREA 2020 First Quarter Housing Forecast Update: BC Homes Sales Carry Momentum into 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.

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    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.

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