Naru Menon’s Blog

Sales Dip Expected: MLS® home sales in BC forecast ↓ 1.1% in 2025 due to tariff uncertainty; rebound ↑ 8.8% expected in 2026. Price Trends: Average BC home price projected ↓ 0.9% to $972,800 in 2025, before ↑ 3.2% to $1,004,000 in 2026.

B.C.’s average rents fell 2.6% to $2,462. Province-wide apartment rents fell 1.0% to $2,483 yearly

Will the Bank of Canada hike rates in 2025? The answer likely lies in economic uncertainties and inflation growth. The BoC focuses on growth and inflation control, keeping the target range at 1%-3%.

Government targets 500K new homes annually, signaling bold action to tackle housing affordability and supply challenges. Proposed incentives like tax exemptions and interest-free loans aim to empower first-time buyers across the country.

BoC ends 2.25% rate-cutting cycle, citing inflation risks and global trade uncertainty. Unpredictable US tariffs raised inflation fears and made GDP projections unusually difficult.

B.C. experienced a sharp decline: starts fell by 15,400 units to 36,000. The drop may reflect affordability issues, rising costs, and slowing population growth.

Greater Vancouver’s average home price was $1,266,441 in May 2025, ↓ 5.9% yearly. Benchmark home price was $1,177,100, ↓ 2.9% yearly and ↓ 0.6% MoM.

Greater Vancouver’s home sales will decline 1.6% to about 26,000 units in 2025. Average home prices in Greater Vancouver are expected to drop 2.1% in 2025.