Positive employment trends, like falling unemployment and an increase in higher earning jobs, support rising housing demand, according to the Metro Vancouver Jobs Report published by REBGV Economist Keith Stewart.

"Strong job growth is supporting rising wages and income across Metro Vancouver today. With above-average labour market conditions, compared to Canada’s other large centres, the region continues to attract in-migration from across Canada. As governments further loosen mobility restrictions, we’ll also begin to see higher international in-migration. This combination of an improving labour market coupled with net positive migration will help bolster demand in the local housing market in 2022."
Keith Stewart, REBGV economist

This report is a new analysis that our economics team will do each month to track employment data across the region and assess how these trends could affect Metro Vancouver’s housing market.