UDI State of the Market Q1-2024
Table of Contents
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
6.2 Concrete Condominium Sales
6.3 Concrete Condominium Inventory Levels
6.4 Concrete Condominium Standing Inventory Levels
New Home Data: Wood Frame Condominiums …...…………………………..…...... 20
7.1 Wood Frame Condominium Projects Actively Marketing
7.2 Wood Frame Condominium Sales
7.3 Wood Frame Condominium Inventory Levels
7.4 Wood Frame Condominium Standing Inventory Levels
New Home Data: Townhomes …………………………..............................…............ 22
8.1 Townhome Projects Actively Marketing
8.2 Townhome Sales
8.3 Townhome Inventory Levels
8.4 Townhome Standing Inventory Levels
Zonda Urban Affordability Index: New Home Data .…………………..…………......26
9.1 Zonda Urban Affordability Index: New Concrete Condominiums
9.2 Zonda Urban Affordability Index: New Wood Frame Condominiums
9.3 Zonda Urban Affordability Index: New Townhomes
Re-Sale Data: Real Estate Board of Greater Vancouver......................................... 28
10.1 Apartment Re-Sales and Listings
10.2 Apartment Re-Sale Prices
10.3 Attached Re-Sales and Listings
10.4 Attached Re-Sale Prices
10.5 Single Detached Re-Sales and Listings
10.6 Single Detached Re-Sales and Prices
Re-Sale Data: Fraser Valley Board……………………..…………………………......... 30
11.1 Apartment Re-Sales and Listings
11.2 Apartment Re-Sale Prices
11.3 Attached Re-Sales and Listings
11.4 Attached Re-Sale Prices
11.5 Single Detached Re-Sales and Listings
11.6 Single Detached Re-Sales and Prices
New Home Data: Purpose-Built Rental Apartments………………………..…......... 32
12.1 Apartment Rental Stock in Metro Vancouver
12.2 Turnover Rates by Region
12.3 Availability Rates by Region
12.4 Current Rent Per Square Foot
12.5 Rental Units per Municipality, in Planning Stages
Methodology & Definitions……..……………………………………………………...… 36
Definitions
Analytical Methods
Other Assumptions
Sources ………………………………………………………………………………......…. 36
Sources
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