This month’s COVID-19 Recovery Dashboard shows that near-record sales in Metro Vancouver, combined with unprecedented housing demand outside of Metro Vancouver, continued to drive a blistering pace of home sales in BC. Employment in retail and recreation are showing signs of recovery, but employment in accommodations and food services remains weak. Meanwhile, the number of people employed in high-wage positions continues to increase, supporting housing demand. Retail is starting to pick up again after a slow end to 2020. As the rollout of the vaccine accelerates, we can expect pent-up spending throughout the economy to be unleashed, driving a strong economic recovery. For a more comprehensive overview of BC's economic recovery, click here. About BCREA’s COVID-19 Recovery DashboardThe BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS monitor BC’s economic recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic, including:
- Housing Markets
- Retail, Restaurant Reservations and Movement
- Jobs and Hours Worked
- Manufacturing and International Trade
- Business and Consumer Confidences
- Tourism
To monitor the province’s progress, we benchmark each indicator to February 2020, the month before the pandemic was declared. This dashboard is updated each month.BCREA's updated COVID-19 Recovery Dashboard is available here.
For more information, please contact:
| Brendon OgmundsonChief Economist604.742.2796[email protected] | Kellie FongEconomist778.357.0831[email protected] |
BCREA is the professional association for more than 23,000 REALTORS in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research, and standard forms to help REALTORS provide value for their clients.To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
