Investors are keeping a close eye on British Columbia housing. Housing sales, according to BIV, will fall to a 23 percent plunge, with recovery rumored to be spearheaded by centers like the Kamloops region and other regions further north.

The biggest winners here, however, are the residential landlords who have stayed in the area. The demand will be great, and with competition almost non-existent and vacancy rates already reduced, these landlords can expect the demand to be far greater than any of them could have expected. The slump originated way back before November. In October, Vancouver Sun reported the plunge being recognized by the Greater Vancouver Real Estate Board for what it is. Sales have already slumped by a whopping 40 percent that time, compared to October of last year. Figures showed 1,595 homes changing ownership, a tad lower than the 2.821 ownership changes recorded in October 2017.

Not to be outdone, August was still a warm month in sales compared to October. When comparing statistics to that month as well as the prior month of September-sales marked a 17.3 and 36 percent decline, respectively.

The real estate board president, Ashley Smith, said that it was what it was. However, without the slow-down, landlords wouldn't be able to enjoy the results like they are now. Home prices in Metro Vancouver remained the median for prices in Canada. With the Metro area scheduled to receive around 59,300 new residents and 61,000 more in 2019. Most of these are said to be renters who won't be able to afford to outright buy the expensive homes in the greater Metro Vancouver area.

All things considered, it would only be positive news if it does happen. The BC Real Estate Association (BCREA) is looking at an increase eventually. After registering only 80,000 sales the year before, residential transactions will experience a rise of about 12 percent in 2019 to the tune of 89,500 units.

Understandably, BC's condominiums are experiencing a slow grind and are expected to continue with that, due to the proliferation of lower-priced housing units available for rent. BC has also started to exercise stricter measures such as the Condo and Strata Assignment Integrity Register, which aims to chase real estate speculators and frauds to create systems to dupe people of their money.

New constructions, as well as the generation of jobs, are expected as people start to rush in to take advantage of lower prices.