Bryan Yu: Metro Vancouver home sales sink to near 25-year low |
Metro Vancouver’s regional housing market looks to be ending off on a weak note with few signs of momentum heading into 2026. MLS sales in the region reached only 2,738 units in November, according to local real estate board data. This was 16 per cent lower than the prior year and compared to a 15 per cent year-over-year decline in October. Seasonally adjusted sales were up by our estimate on a month-over-month basis by three per cent but remained low. And while same-month sales were still higher than 2022 and 2023, this was the fourth fewest November sales since 2013. Save for a holiday miracle, the region is on track with the fewest annual sales since 2000 as year-to-date sales fell 13 per cent.
Tepid home sales in 2025 have reflected several factors. Tariff uncertainty weighed on early-year sales, but persistent weakness has owed to multiple factors including ongoing recession risk, federal migration caps and the impact on rental markets and........