The impact of Coronavirus on Metro Vancouver will likely be very significant.
Buyer interest was high in the first three months of 2020, but the market will slow down now that open houses have been suspended.
The Coronavirus may have an outsized’ impact on property prices in White Rock. Roughly 16 percent of Metro Vancouver residents are over the age of 65. The ratio climbs to over 25 percent of residents in White Rock and other areas favoured by retirees.
Short-term rentals in Vancouver (now vacant due to Coronavirus) may be converted to long-term apartment rentals or sold, and this could add unexpected supply to the market.
