The latest BCREA Market Intelligence : Supply and Demand – A Quantitative History of BC Home Prices will attempt to answer whether it’s possible to say how much of the last decade’s rise in home prices we can attribute to changes in supply, demand, interest rates and other factors, and what this analysis says about appropriate policy responses.

Summary Findings :

• Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree

• Shocks to housing demand and interest rates are the largest contributors to fluctuations in home prices, but provincial and municipal governments have limited to no ability to control these factors

• Policies to increase the overall housing stock and grow the supply of residential listings would be enormously beneficial to controlling future price growth

Click here to view the full report.

Market Intelligence (March 2021) by Brendon Ogmundson | Chief Economist | BCREA