The Impact of the B20 Stress Test on BC Home Sales in 2018
Posted By: Susan Forrest on Jul 16, 2019
BCREA's latest summary findings include: the decline in home sales in 2018 was largely due to market factors like interest rates and affordability; without the stress test, home sales in BC would have been about 7,500 sales—or 10% higher—in 2018; and approximately $500 million in BC economic activity was lost due the B20 stress test.
Read the entire report by clicking on the link below:
If you're thinking of buying or selling a home, condo, lot or land on Vancouver Island BC, contact the real estate professionals of Team Susan Forrest Royal LePage Parksville-Qualicum Beach, serving the Mid Island area including Nanoose Bay, Errington, Coombs, Hilliers, Whiskey Creek, Fairwinds, Craig Bay, French Creek, Qualicum Bay, Qualicum North, Horne Lake, Beachcomber, Rivers Edge, San Pareil, Lantzville, and Nanaimo
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