After the rush of new listings in January, home sales and new listings in February were closer to historical averages, which has positioned the overall market in balanced conditions.

With the Bank of Canada's rate cut on March 12th, homebuyers will see improved borrowing conditions while benefiting from the largest selection of homes available since pre-covid times.

However, the ongoing tariff war may slow housing activity, while rising construction costs could delay projects and keep new home prices elevated. BC’s diverse trade portfolio may help mitigate the impact. A likely scenario is a temporary slowdown before a rebound driven by lower mortgage rates.

Stay tuned for more updates on the BC real estate market.

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👨‍💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com