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Shuchat Group Real Estate Blog

B.C. Housing Market Economic Forecast-Post Covid-19

The latest BC Real Estate Association economic impact analysis of the Covid-19 pandemic on BC housing prices, with a look at the sectors and players most affected.  This is a 38 page graphical presentation which distills the facts from the noise and I urge you all to review it. Please feel free to share this on any social media or with friends who may be feeling anxious about the current situation.
 
One thing that I found interesting in the Q & A that I had the privilege of attending with Brendan Ogmundson, BCREA 's Chief Economist, was that he did not feel the market was concerned at all with the magnitude of the new government debt or that same would result in increased interest rates to reflect any kind of increased federal borrowing risk.  That was very reassuring.
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