{"id":17577,"date":"2021-03-29T10:10:00","date_gmt":"2021-03-29T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=17577"},"modified":"2021-03-18T15:19:27","modified_gmt":"2021-03-18T22:19:27","slug":"bcrea-supply-and-demand-a-quantitative-history-of-bc-home-prices","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/03\/bcrea-supply-and-demand-a-quantitative-history-of-bc-home-prices\/","title":{"rendered":"BCREA Supply and Demand : A Quantitative History of BC Home Prices"},"content":{"rendered":"<p style=\"text-align: justify;\">The latest BCREA Market Intelligence : <a href=\"https:\/\/www.bcrea.bc.ca\/economics\/supply-and-demand-a-quantitative-history-of-bc-home-prices\/\" target=\"_blank\" rel=\"noopener\">Supply and Demand &#8211; A Quantitative History of BC Home Prices<\/a> will attempt to answer whether it\u2019s possible to say how much of the last decade\u2019s 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.<\/p>\n<p style=\"text-align: justify;\">Summary Findings :<\/p>\n<p style=\"text-align: justify;\">\u2022 Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree<\/p>\n<p>\u2022 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<\/p>\n<p>\u2022 Policies to increase the overall housing stock and grow the supply of residential listings would be enormously beneficial to controlling future price growth<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/Supply-and-Demand-A-Quantitative-History-of-BC-Home-Prices.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full report.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/supply-and-demand-a-quantitative-history-of-bc-home-prices\/\" target=\"_blank\" rel=\"noopener\">Market Intelligence (March 2021)<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest BCREA Market Intelligence : Supply and Demand &#8211; A Quantitative History of BC Home Prices will attempt to answer whether it\u2019s possible to say how much of the &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/03\/bcrea-supply-and-demand-a-quantitative-history-of-bc-home-prices\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-17577","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Supply and Demand : A Quantitative History of BC Home Prices &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2021\/03\/bcrea-supply-and-demand-a-quantitative-history-of-bc-home-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Supply and Demand : A Quantitative History of BC Home Prices &#8226; 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