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...

The BC housing market entered 2025 with a sense of optimism. After a slow couple of years, sales were finally rebounding, thanks to falling interest rates and pent-up demand. But just as momentum began to build, a new challenge emerged: uncertainty.

Specifically, the uncertainty surrounding the United States’ unpredictable tariff policy under President Donald Trump has weighed heavily on households and businesses alike, and the housing market is no exception.

How Uncertainty Is Impacting Home Sales...