2024-Q1 UDI State of the Market Report

UDI State of the Market Q1-2024

UDI State of the Market Quarterly Publication (Q4-2023)………………...……....... 04

Population………………………………………………..……………………..………....... 06

1.1 Metro Vancouver Population (15+) 2010 – Present

1.2 Metro Vancouver Population (15+) Growth Rate (%yoy)

1.3 British Columbia Interprovincial Migration

1.4 British Columbia International Migration

1.5 British Columbia Net Migration

1.6 BC’s Population Growth Breakdown

Economic Indicators ………………………………………………………………....…... 08

2.1 Five-Year Posted Rate (%)

2.2 Consumer Price Index, Canada, BC, Metro Vancouver

2.3 Metro Vancouver Labour Force Totals: 2010 – Present

2.4 BC Unemployment Rate

2.5 Retail Trade, Sales by NAICS: 2010 – Present

2.6 Canada GDP: 2009 – Present

Economic Indicators ...………………………………………………………..….....….....10

3.1 Budgetary Balance - Canada

3.2 BC Investment in New Construction: 2010 – Present

3.3 Price of Crude Oil (US Dollars)

3.4 BC Bankruptcies

3.5 Dow Jones Industrial Average (Close)

3.6 Toronto Stock Exchange, Value of Shares Traded

Housing Economic Indicators ………………………….............................................. 14

4.1 BC Housing Single Family Registrations

4.2 BC Housing Multi-Family Registrations

Housing Economic Indicators…………………………………………..……….……..... 16

5.1 CMHC Townhome Starts

5.2 CMHC Apartment Starts

5.3 CMHC Single Family Starts

5.4 Residential Building Permit Values, Metro Vancouver

5.5 Statistics Canada Housing Price Index, BC, Metro Vancouver

5.6 CMHC Rental Housing Vacancy Rates

New Home Data: Concrete Condominiums ………………………………...…….......18

6.1 Concrete Condominium Projects Actively Marketing

TABLE OF

CONTENTS

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