Mar 12

Mar 12 Will Coronavirus destabilize Vancouver home prices?

HIGHLIGHTS
The market is assessing the impact of Coronavirus. The impact in Vancouver will likely be significant but may not be as strong as some fear.
Metro Vancouver home prices have been accelerating upward for the past few months.
Buyer interest is now in line with the trends from 2016  and 2017 but with lower house supply.
The typical Metro Vancouver household still cannot afford current house prices.
Metro Vancouver real estate prices are still facing several high impact risks before taking the Coronavirus into account.

Vancouver (3).JPG — Vancouver

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_{Reports and content provided by Mortgage Sandbox are for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time, based on the market or other conditions, and may not come to pass. This material is not intended to be relied upon as real estate investment advice or mortgage financing advice, does not constitute a solicitation to buy property or mortgage financing and should not be considered specific legal, investment or tax advice. The information contained in reports and content have been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. Reports may contain economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. Mortgage Sandbox Advisor Inc. and its affiliates and related entities are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.}

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