If the oil price go down,will if affect housing price in BC?

Question

I've heard an analysis about oil price will down to $100 and then around $88 sth.Will it affect housing price in BC? If it happen, should buy or rent?

Answer 1

Typically oil prices don't have that big an effect on housing prices.  The exception is when the oil industry is really big in that area (not sure if BC has a big oil industry or not) but even if that is the case, I personally doubt it would have such a huge effect considering that oil prices were $20 or so 8 years ago.