Slower B.C. real estate sales blamed on U.S. tariff uncertainty, association says
- The British Columbia Real Estate Association reports a 9.7% decrease in residential sales in February 2025 compared to February 2024, totaling 4,947 sales.
- Average home prices in British Columbia fell by 2.4%, now costing approximately $964,000 from $987,811 in 2024.
- Brendon Ogmundson, Chief Economist at BCREA, stated that tariff uncertainty has slowed housing activity after several months of momentum.
- Ongoing tariff uncertainties may continue to reduce transaction volumes in the near future.
39 Articles
39 Articles
Some locals moving forward with big purchases amid uncertainty with the U.S. economy
Amid a time of financial uncertainty, with on-again, off-again tariffs and even fears of a recession, some locals tell me they're paying attention to the trends but it's not stopping them from making big purchases. We have a lot more optimistic mindset about it, while still being cautious," said a Las Vegas local who is searching for a home Jerome Johnson. WATCH: We talk to locals about their purchases amid financial uncertainty Some locals movi…
Massachusetts Housing Secretary says uncertainty may scare away investors
BOSTON (SHNS) - State government leaders in Massachusetts are trying to instigate a building boom to address a housing shortage marked by high rents and sale prices, but a top housing official is now warning that headwinds from Washington could threaten their efforts. "The equity that's often needed to facilitate a deal doesn't like uncertainty, and we are in the midst of lots of uncertainty," Housing and Livable Communities Secretary Ed Augustu…
Bradford businesses dealing with real, 'perceived' threat of tariffs
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B.C. retail sector bracing for tariff tumult
Tariff threats are generating cost uncertainties in B.C.’s retail sector, but for Greg Wilson, consumers should expect prices to remain relatively stable in the short term. “If there's a recession, there can be price drops,” said Wilson, B.C. director of government relations f...
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