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Vancouver Home Sales Drop 23.6% in April as Trade Tensions Persist

Rising inventory and modest price declines reflect buyer caution amid Canada-U.S. trade uncertainties.

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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

Overview

  • Residential sales in Vancouver totaled 2,163 in April 2025, a 23.6% decrease from the same month last year and 28.2% below the 10-year seasonal average.
  • Active listings rose significantly, reaching 16,207, a 29.7% year-over-year increase, while newly listed properties were 19.5% above the 10-year seasonal average despite a slight annual decline.
  • The composite benchmark price for homes dipped to $1,184,500, down 1.8% from April 2024 and 0.5% lower than the previous month.
  • The ongoing Canada-U.S. trade war and economic uncertainty are cited as major factors eroding buyer confidence and contributing to the market slowdown.
  • Lower borrowing costs and recent federal mortgage guideline changes have not been sufficient to counteract the effects of heightened economic concerns.