{"id":15256,"date":"2020-04-06T10:10:00","date_gmt":"2020-04-06T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=15256"},"modified":"2020-04-20T09:41:43","modified_gmt":"2020-04-20T16:41:43","slug":"bcrea-market-intelligence-report","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/04\/bcrea-market-intelligence-report\/","title":{"rendered":"BCREA Market Intelligence Report March 2020"},"content":{"rendered":"<p style=\"text-align: justify;\">The latest BCREA Market Intelligence Report: Sketching Out the Potential Impact of COVID-19 on the BC Housing Market explores the potential impacts of COVID-19 on BC home sales and prices through 2020. <a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/Sketching-the-Potential-Impact-of-COVID19.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to read the full report.<\/p>\n<p style=\"text-align: justify;\">Summary Findings :<\/p>\n<p style=\"text-align: justify;\">\u2022 While it\u2019s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal.<\/p>\n<p>\u2022 Based on our scenario analysis, BC home sales and prices will likely face declines in the spring and early summer but should recover along with the wider economy in the second half of the year, contingent on the outbreak resolving.<\/p>\n<p>\u2022 The postponed change to the mortgage stress test rate, originally slated for April 6, 2020, will mute the impact of falling interest rates for the BC housing market.<\/p>\n<p>&nbsp;&nbsp;&nbsp; <a href=\"https:\/\/www.roryc.ca\/blog\/2020\/04\/bcrea-market-intelligence-report\/bcrea-72\/\" rel=\"attachment wp-att-15257\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-15257\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/03\/BCREA-1-288x216.jpg\" alt=\"\" width=\"609\" height=\"457\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/03\/BCREA-1-288x216.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/03\/BCREA-1-768x576.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/03\/BCREA-1.jpg 960w\" sizes=\"auto, (max-width: 609px) 100vw, 609px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/sketching-out-the-potential-impact-of-covid-19-on-the-bc-housing-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">BCREA Market Intelligence Report : Sketching Out The Potential Impact of COVID-19 on the BC Housing Market<\/a> by <span class=\"details\">Brendon Ogmundson<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest BCREA Market Intelligence Report: Sketching Out the Potential Impact of COVID-19 on the BC Housing Market explores the potential impacts of COVID-19 on BC home sales and prices &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/04\/bcrea-market-intelligence-report\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-15256","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Market Intelligence Report March 2020 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/04\/bcrea-market-intelligence-report\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Market Intelligence Report March 2020 &#8226; 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