As the Coronavirus spreads, officially being declared a global pandemic by WHO, we are left wondering how this will impact the housing market. So far, the plunge in yields has cheapened mortgage rates, no doubt providing a temporary lift for Real Estate. However, the obvious question is how will this impact the broader economy, particularly with the coming job layoffs. To add insult to injury, Canada’s stock market has gone from a bull market to bear in just 14 trading days, wiping out C$454.2 billion, thanks in part to the collapse in oil prices. This will place further stress on Alberta, and have ripple effects across Canada. This will also hit Canadian banks, who have accumulated exposure to the oil & gas sector and may perhaps alter their risk tolerance to extend credit.

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Key Political Developments Prime Minister Trudeau’s ResignationTrudeau, described as economically illiterate, is resigning. Trump’s Inauguration A knowledgeable Vancouver real estate