While recent tariff threats from the U.S. have created some uncertainty, Vancouver's real estate market remains well-positioned for stability and potential growth in 2025. With strong fundamentals and an improving economic outlook, opportunities are on the horizon for buyers and sellers alike.

Though U.S. President Donald Trump’s proposed tariffs have been delayed and may never come to pass, they’ve sparked discussions about their potential impact on local real estate. Industry experts acknowledge the volatility but see reasons for optimism.

"The real estate market has experienced economic fluctuations in recent years, but key indicators such as inflation and monetary policy are showing signs of stabilization," noted one industry analyst.

Despite the uncertainty, the market is showing resilience. Pent-up demand, rising household incomes, and prices that remain below their May 2022 peak suggest a solid foundation for real estate activity in the coming year.

While some experts caution that political instability may influence buyer psychology, the overall outlook remains positive. Lower interest rates and increased inventory will likely encourage hesitant buyers to enter the market.

According to recent industry projections, the Vancouver region is expected to significantly increase sales activity, with MLS transactions forecasted to rise from 40,173 in 2024 to 49,623 in 2025—a 24% jump. Home values are also expected to trend upward, with condo prices projected to grow by 4.4% and detached home values by 6.4%.

While economic factors like tariffs can create short-term concerns, Vancouver’s real estate market has consistently demonstrated its ability to adapt and thrive. With a balanced perspective and strategic planning, buyers and sellers can navigate these changes with confidence.

Source: RE/MAX Michael Cowling and Associates Realty