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Summary of Findings
- Uncertainty related to the threat of tariffs has depressed home sales through the first quarter of 2025.
- As that uncertainty subsides, the path of sales activity will depend on the prevailing tariff regime and the ultimate impact of tariffs on the economy.
- A strong monetary policy response from the Bank of Canada could counteract the negative impact of tariffs, leading to a stronger, faster housing market recovery.
The economic uncertainty engendered by the stochastic trade policy of the United States under President Donald Trump has upended what was set to be a return to normalcy in the British Columbia housing market. However, that uncertainty, while still elevated, appears to be subsiding. So, what comes next?
In this Market Intelligence report, we’ll explore some potential scenarios for the BC housing market amidst a cloudier-than-usual outlook.
For more information, please contact:
Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
Email: bogmundson@bcrea.bc.ca
Amit Sidhu
Economist
Direct: 604.677.9345
Email: asidhu@bcrea.bc.ca
Market Intelligenceis published by the British Columbia Real Estate Association. Real estate boards, real estate associations, and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.
Additional economics information is available here on BCREA’s website.
