COVID-19 Recovery Dashboard - July, 2021

The COVID-19 Recovery Dashboard indicates that in June most BC housing markets continued to calm from a peak in March. At the same time, the seasonally adjusted 6-month moving-average for housing starts hit a record level in the province. Seasonally adjusted aggregate employment in BC is now at roughly pre-pandemic levels, although high-wage workers are doing much better than low-wage workers. Rents were up across much of the province, with 1-bedroom apartments in Vancouver hitting a record. Google movement trends and restaurant reservations continued to rise, suggesting a general reopening across Canada’s three largest cities. Manufacturing and exports continue to post very strong figures, with both approaching record levels in June. Consumer confidence is approaching pre-pandemic levels, while business confidence is well-above pre-pandemic levels. For a more comprehensive overview of BC's economic recovery, click here

About BCREA’s COVID-19 Recovery Dashboard
The 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.

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