• The Team

BC Real Estate Landscape: Where do we go from here?

Updated: Nov 1, 2021

West(coast) is best. =)

1) The entire country is still in recovery mode.

Below are screenshots of our employment growth rate, Vancouver's job recovery, BC job loss archetype, BC's strong in-migration, unemployment down to 6.2%, the depleted housing supply, presale activity, inflation up to 4% and mortgage rates trend.

2) Metro Vancouver is doing relatively well.

We are seeing low cases of mortgage in arrears and we have strong interprovincial in-migration. Uncertainty in the global equities market over the past year has increased the attractiveness of other assets -- real estate included.

3) Metro Vancouver is poised for growth in 2022.

We are not out of the woods yet, but 3/4 of businesses surveyed are optimistic about the future.

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