Looks like the tariff uncertainty has put a damper on the market. Homes are still selling and in some markets the amount of listings have increased, calling for a balanced or even perhaps buyer’s markets coming up soon.
Nanaimo, BC
UNCERTAINTY SURROUNDING TARIFFS HOLDING BACK BUYERS
Campbell River, BC
In Campbell River, the benchmark price of a single-family home was $682,400 last month, up three per cent from the previous year.
Vancouver, BC
February brings balance to Metro Vancouver’s housing market
“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,” Andrew Lis, GVR’s director of economics and data analytics said.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,744, a 32.3 per cent increase compared to February 2024 (9,634). This is also 36.4 per cent above the 10-year seasonal average (9,341)
The benchmark price for a detached home is $2,006,100. The benchmark price of an apartment home is $747,500. The benchmark price of a townhouse is $1,087,100.
Kelowna, BC
Residential real estate sales in February maintained a steady momentum while new listings activity tempered slightly, reports the Association of Interior REALTORS® (the Association). A total of 914 residential unit sales were recorded across the Association region in February, coming in above January’s 806 units and up 11.3% compared to units sold in February last year.
The benchmark price for single-family homes saw increases last month in all regions in year-overyear comparisons with the highest increase of 6.7% seen in the Revelstoke/Shuswap region, coming in at $731,800. In the townhome housing category, benchmark prices saw decreases or no percentage changes in all housing categories apart from the South Okanagan that saw an increase of 6.3%, coming in at $523,000. Similarly, benchmark pricing for condominiums recorded the South Okanagan being the exception with a decrease of 6.7%, while the Revelstoke/Shuswap, Central and North Okanagan saw slight increases
Calgary, AB
Sales remain above long-term trends despite declines
For the second month in a row, inventory levels saw substantial year-over-year growth, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000;
“Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB®. “In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.”
Toronto, ON
Home buyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down in comparison to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers.
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