Vancouver Home Sales Hit Two-Decade Low in 2025
AI Article Summary
In 2025, Vancouver's home sales plummeted to their lowest in over two decades, with only 23,800 homes sold, marking a significant decrease compared to the previous years. Despite a record number of property listings, demand was lethargic due to economic challenges, leading to a decline in home prices and borrowing costs. Trade tensions with the U.S. were highlighted as a factor contributing to market uncertainties. The upcoming year might present improved conditions for homebuyers with lower borrowing costs and more available inventory.
What This Means for Canadian Contractors
For Canadian builders, this means a shift towards a more buyer-favorable market environment with increased inventory and lower prices. Builders should prepare for potential changes in demand as these new conditions may lead to a heightened interest in prefabricated homes that are quicker to construct and more cost-effective. Additionally, with lower borrowing costs, more consumers may explore real estate investments, impacting permits and funding strategies.
