Why BC’s Housing Market Remains Strong Despite COVID-19
British Colombia Real Estate Association:
"The COVID-19 recession has battered many sectors of the BC economy. However, looking at recent data in the housing market, it would be difficult to tell there was a recession at all.
Why? Because in a typical recession, we would see falling demand and rising supply. But this recession is not a typical one. The reasons are: (1) a surge of pent-up demand into an undersupplied market, and (2) a record low mortgage rate."
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