Is It Different This Time? Recessions and the BC Housing Market
To view the Market Intelligence Report PDF, click here.
- The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions.
- We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing.
- As measures implemented to mitigate the spread of COVID-19 are gradually lifted, we expect that low interest rates and pent-up demand will translate to a significant recovery in home sales and prices.
For more information, please contact:
To subscribe to receive BCREA publications, or to update your email address or current subscriptions, click here.
What we do
Popular tags within Economics
Popular posts from BCREA
New Statutory Holiday on September 30, National Day for Truth and ReconciliationSep 09, 2021
Housing Market Update – September 2022Sep 15, 2022