- Cameron Muir is the chief economist of BCER.
- $125 billion (approximately) was the value of price decline in total sales.
- Consumer demand has been decreased because of the high prices and also people are not getting mortgages. The ratio of sales to active residential listings declined from 25.4 per cent to 12 per cent over the same period. $665,590 was lost.
- When prices are high and as a result there is decline in sales.
- Murtaza Haider and Stephen Moranis were interviewed. They work for Real Estate Association.
- Lift the rent controls because when rent control is relaxed there is more supply. Also, by encouraging more construction.
B.C. home sales continue to slide in 2019, says BCREA (RESPONSE)
Published
Economics 12 