News: Vancouver Real Estate MarketThe Next Chapter in BC’s Housing Market: What Follows Uncertainty? 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...Lower than average home sales helps inventory to inch upwards
The latest data for February indicates that prospective home sellers in Metro Vancouver are still hesitant to participate in the housing market, resulting in below average sales activity and a subsequent increase in the number of available homes for sale. According to the Real Estate Board of Greater Vancouver (REBGV), there were only 1,808 residential home sales in February 2023, a decrease of 47.2% from the previous year. The sales activity was also 33% below the 10-year February sales average....
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