US EditionImpact of Trump tariffs on Metro Vancouver real estate likely short-lived: report
- The Greater Vancouver Realtors report states that the impact of possible tariffs from the United States would likely be short-lived, according to their annual sales forecast.
- The forecast predicts a total sales increase of 13.9 percent this year, as lower borrowing costs may finally stimulate sales activity in the first half of 2025.
- The average home price is expected to rise by 4.1 percent to $1.3 million across the 15 jurisdictions represented by the association.
- The report notes that political changes and potential tariffs could negatively impact the housing market if a recession occurs, reducing the pool of buyers.
33 Articles
33 Articles
Impact of Trump Tariffs on Metro Vancouver Real Estate Likely Short-Lived: Report
A residential market sales forecast by Greater Vancouver Realtors says the impact of possible tariffs from the United States would likely be short-lived. The annual report from the association that represents 15,000 Realtors says its preliminary investigation and economic modelling shows a drag on sales could rise as cross-border investments slow and sales activity drops. However, it says that if a recession is accompanied by significant job los…
How Trump tariff threat and foreign buyers ban impacts Okanagan real estate market
American tariff threats are already impacting the Canadian economy, and the foreign buyer ban means the real estate market will look different than it did the last time the loonie dropped so low compared to the U.S. doll
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