The Canada-U.S. trade dispute appears to be casting a cloud over B.C.’s spring housing forecast, though one economist cautions against reading too much into tariffs.
“From a purely statistical standpoint, there’s not really much to the story around the uncertainty from tariffs and so on, but it’s hard to ignore,” says Andrew Lis, director of economics and data analytics with Greater Vancouver Realtors (GVR). “It’s front and centre in the media, and I think it’s captured the attention of a lot of people.”
Lis published a March 12 analysis for GVR examining a metric called the “Economic Policy Uncertainty Index for Canada” to see whether it has historically correlated with home sales in Greater Vancouver.
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