Vancouver home sales activity was down again in April as the city’s real estate board says that with an ongoing trade war between Canada and the U.S., some buyers are likely trying to “patiently wait out the storm.” A seaplane takes off past office and condo towers as a boat refuels at a floating Chevron station on the water, in Vancouver, on Thursday, July 25, 2024. THE CANADIAN PRESS/Darryl Dyck
Vancouver home sales continue falling in April amid trade war: board
VANCOUVER - Vancouver home sales activity was down again in April as the city’s real estate board says some buyers are likely trying to “patiently wait out the storm” with the ongoing Canada-U.S. trade war.
Vancouver home sales activity was down again in April as the city’s real estate board says that with an ongoing trade war between Canada and the U.S., some buyers are likely trying to “patiently wait out the storm.” A seaplane takes off past office and condo towers as a boat refuels at a floating Chevron station on the water, in Vancouver, on Thursday, July 25, 2024. THE CANADIAN PRESS/Darryl Dyck
VANCOUVER - Vancouver home sales activity was down again in April as the city’s real estate board says some buyers are likely trying to “patiently wait out the storm” with the ongoing Canada-U.S. trade war.
Greater Vancouver Realtors says residential sales in the region totalled 2,163 last month, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024 and 28.2 per cent below the 10-year seasonal average.
There were 6,850 newly listed properties on the market, a 3.4 per cent decrease from April 2024, but still 19.5 per cent above the 10-year seasonal average for the month.
ARTICLE CONTINUES BELOW
Total active listings rose 29.7 per cent year-over-year to 16,207.
Greater Vancouver Realtors director of economics and data analytics Andrew Lis says the sales slowdown would seem unusual given the backdrop of improved borrowing conditions, but “what’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy.”
The composite benchmark price in April was $1,184,500, down 1.8 per cent from a year earlier and 0.5 per cent lower than March.
This report by The Canadian Press was first published May 2, 2025.
To join the conversation set a first and last name in your user profile.
Sign in or register for free to join the Conversation