{"id":666,"date":"2020-06-10T18:17:05","date_gmt":"2020-06-11T01:17:05","guid":{"rendered":"https:\/\/www.angelakoo.ca\/?p=666"},"modified":"2020-06-10T18:30:54","modified_gmt":"2020-06-11T01:30:54","slug":"commercial-activity-nosedive-in-2020-q1","status":"publish","type":"post","link":"https:\/\/www.angelakoo.ca\/en\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/","title":{"rendered":"Commercial Activity Nosedive in 2020 Q1"},"content":{"rendered":"

\"\"<\/p>\n

Q1 Highlights:
\n\u2022 Economic activity started to feel the impact of the pandemic in
\nMarch, as declines were reported in manufacturing sales (-2.4%),
\nretail sales (-0.5%), and wholesales (-0.1%).
\n\u2022 Employment fell by about 13,500 jobs in key commercial real
\nestate sectors for the first time since the summer of 2018 and by
\nabout 1,830 jobs in manufacturing.
\n\u2022 Financial markets entered a full meltdown in late February amid
\ngrowing fears of the potential impact of the COVID-19 pandemic.
\nThe panic sent Canadian REIT prices lower and led to a spike in risk
\npremiums, causing a tightening of private sector credit conditions.<\/p>\n

https:\/\/www.bcbusiness.ca\/BC-commercial-real-estate-took-a-beating-from-COVID-19-report<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Q1 Highlights: \u2022 Economic activity started to feel the impact of the pandemic in March, as declines were reported in manufacturing sales (-2.4%), retail sales (-0.5%), and wholesales (-0.1%). \u2022 Employment fell by about 13,500 jobs in key commercial real estate sectors for the first time since the summer of 2018 and by about 1,830 […]<\/p>\n","protected":false},"author":1,"featured_media":669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update"],"yoast_head":"\nCommercial Activity Nosedive in 2020 Q1 - Angela Koo | Vancouver Realtor & Presale Expert | Fluent in Cantonese & Mandarin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.angelakoo.ca\/en\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Activity Nosedive in 2020 Q1 - Angela Koo | Vancouver Realtor & Presale Expert | Fluent in Cantonese & Mandarin\" \/>\n<meta property=\"og:description\" content=\"Q1 Highlights: \u2022 Economic activity started to feel the impact of the pandemic in March, as declines were reported in manufacturing sales (-2.4%), retail sales (-0.5%), and wholesales (-0.1%). \u2022 Employment fell by about 13,500 jobs in key commercial real estate sectors for the first time since the summer of 2018 and by about 1,830 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.angelakoo.ca\/en\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\" \/>\n<meta property=\"og:site_name\" content=\"Angela Koo | Vancouver Realtor & Presale Expert | Fluent in Cantonese & Mandarin\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/angelayykoo\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-11T01:17:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-11T01:30:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.angelakoo.ca\/wp-content\/uploads\/2020\/06\/temp-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Angela\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Angela\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\"},\"author\":{\"name\":\"Angela\",\"@id\":\"https:\/\/www.angelakoo.ca\/en\/#\/schema\/person\/a2ad40e4cd95096c3cdee266a8990d48\"},\"headline\":\"Commercial Activity Nosedive in 2020 Q1\",\"datePublished\":\"2020-06-11T01:17:05+00:00\",\"dateModified\":\"2020-06-11T01:30:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/www.angelakoo.ca\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.angelakoo.ca\/wp-content\/uploads\/2020\/06\/temp-1.jpg\",\"articleSection\":[\"Market Update\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\",\"url\":\"https:\/\/www.angelakoo.ca\/2020\/06\/10\/commercial-activity-nosedive-in-2020-q1\/\",\"name\":\"Commercial Activity Nosedive in 2020 Q1 - 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