COVID-19 Recovery Dashboard - Mar 24, 2021
Posted by Ron Neal on Wednesday, March 24th, 2021 at 6:59pm.
COVID-19 Recovery Dashboard - Mar 24, 2021
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 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.
For more information, please contact:
Brendon Ogmundson Chief Economist 604.742.2796 bogmundson@bcrea.bc.ca |
Kellie Fong Economist 778.357.0831 kfong@bcrea.bc.ca |
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.
Talk to our team to learn more
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The Neal Estate Group is your #1 source for all of your Victoria BC real estate needs. Get in touch with us online or by phone at (250) 386-8181 to speak with a Victoria real estate buying or selling expert today. With decades of experience as a top selling Victoria REALTOR® and ranked in top 1% globally with over 5,000 transactions and $1 Billion SOLD, Ron Neal & The Neal Estate Group have the industry experience and market knowledge to help you make smart and informed buying or selling decisions.