News: Vancouver Real Estate Market

Home sales in the first half of the year were much slower than our H1 forecast had anticipated.

While it's difficult to pin the blame entirely on the economic uncertainty arising from the tariff-related policies of the new US administration, it's also difficult to say these developments have had no effect either.

And despite home prices having eased since the start of the year, in addition to three Bank of Canada interest rate cuts, buyers have remained hesitant to re-enter the market.

Our H2 forecast...

Activity picked up pace in the final quarter of 2024, leading to moderate price increases and paving the way for a brisk spring market.

Highlights:

• Royal LePage forecasts that the aggregate price of Canadian homes will increase 6.0 percent in the fourth quarter of 2025, compared to 2024’s Q4.

• Housing policy and affordability are expected to be primary ballot box issues shaping voters’ decisions in the federal election.

• Greater Montreal Area’s aggregate home price increased 8.2 percent year-over-year,...

The predicted decline of interest rates along with new lending rules will bring buyers back to the market next year.

Highlights:

• Royal LePage forecasts that the aggregate price of Canadian homes will increase by 6.0 percent year-over-year in the fourth quarter of 2025.

• Nationally, single-family detached and condominiums are expected to increase 7.0 percent and 3.5 percent, respectively, year over year in Q4 of 2025.

• The Greater Montreal Area aggregate home price appreciation (6.5 percent) is expected...