Search results
Approximately a third (34%) of builders reported. 20 years or more experience as a residential builder, while around half (47%) had 10 years or less experience and 20% had between 11 and 19 years. Since 2003, the proportion of builders with 3 to 10 years’ experience increased from 22% to 38% in 2020.
- Resale Home Market
- Construction
- Rental Market
- Borrowing Costs
- Other BCREA Data
The resale home market uses data from the MLS® system used by BC REALTORS®. Active Listings are the number of listings available for sale on the MLS® system as of the end of each month. New Listings are the number of newly listed properties on the MLS® system during a particular month. Home Sales are the number of units sold on the MLS® system duri...
Home construction, as measured by starts, units under construction, and completions, are crucial variables for the overall housing market. As new homes are added to the provincial housing stock and eventually become part of the resale market, construction data is essential for REALTORS®. Construction is also the primary way that new supply is intro...
The figure below measures the average asking rents of vacant properties on Rentals.ca. These rents will be higher than the average rents paid by renters since landlords raise rents for new renters, and long-time tenants tend to pay less. The figure below shows rents for 1- and 2-bedroom units in Vancouver and Victoria.
Mortgage rates are one of the most important drivers of housing activity in BC. Changes in mortgage rates and mortgage qualifying costs can cause significant changes in housing market trends. The chart below provides up-to-date data on average fixed and variable mortgage rates available in the Canadian mortgage market.
The Nowcast is BCREA’s estimate of GDP in BC. The 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 developed the BCREA Nowcast – a tool to track monthly growth in the BC Economy. The Nowcast compiles monthly economic data into one easy-t...
The number of Licensed Residential Builders (LRBs) was 7,813 in 2022, a slight decline from 2021. The number of LRBs in 2022 fell 3.7% to 7,813 from a record peak of 8,112 LRBs in 2021, marking the first recorded decline since 2010. Despite the decline however, the number of LRBs remain above pre-pandemic levels.
The horizontal axis shows the percentage of occupied dwellings that are condominiums from 0.0 to 35.0, in intervals of 5.0. The vertical axis shows Canada, the provinces and territories, and census metropolitan areas. In Vancouver, British Columbia, the percentage of occupied dwellings that were condominiums in 2021 was 32.5%.
Apr 27, 2022 · There are also 221,850 apartments in buildings with five or more storeys, which make up a total of 10.9 per cent of all dwellings in the province. This grew from 177,830 such units in 2016, which ...
Canadian Housing Statistics Program. The Canadian Housing Statistics Program (CHSP) provides comprehensive information on residential properties and their owners. It provides granular information on the properties owned, as well as characteristics of the owners and their residency status. Browse releases from the CHSP.
People also ask
How many homes are there in BC?
How many apartments are there in BC?
How many condos are there in Canada?
What percentage of Canadian homes are condominiums?
What percentage of occupied dwellings are condominiums in Canada?
What is BC Housing?
Sep 21, 2022 · The data gathered from the 2021 census said B.C. ranks as the most unaffordable province for housing in Canada, due largely to the number of people paying high rents to live in downtown Vancouver ...
