2020-2023: Charting our wild ride through "uncharted territory"

Real Estate in qathet: Real estate timeline from 2020 - 2023

March 5, 2020:

First case of COVID-19 community transmission in BC

March 17:

BC declares a public health emergency. Social distancing begins. Schools close. Evictions banned.

October 2020:

Bubbles and masks begin. Social restrictions tighten through the winter.

January 2021:

Vaccines begin to roll out

Non-essential travel is forbidden

Spring 2021:

Numbers spike

Protests begin

Summer 2021:

Most COVID restrictions lifted

Vaccine Passports program announced

Numbers from the May 2021 census (released in Feb 2022) show that qathet’s population grew by about 7% since 2016 – the first significant gain in decades.

Fall 2021:

Super-transmissable (but mild) Omicron variant arrives in BC. Record numbers of new infections.

Spring 2022:

In BC, 3,000 dead from COVID Most restrictions lifted

Inflation was up 6.8% in 2022 – with food and fuel prices especially noticeable. Here in qathet, gas prices reached $2.39 a litre. The PR Food Bank’s standard bag of weekly basic groceries soared from $48 to $80. Inflation peaks at 8.1% in June.

Next Bank of Canada Interest rate meetings: March 8 & April 12

Chart by qathet Living staff. Source data from Canadian Real Estate Association and the Bank of Canada.