Vancouver’s housing market has cooled, but if you’ve been hearing that it’s all because of global “uncertainty,” it might be time to take a second look.
In a recent analysis from Andrew Lis at REBGV, we’re given a deeper — and more data-driven — breakdown of what’s really happening.
📈 What's the Market Saying?
While Toronto is seeing a sharp rise in condo inventory, Vancouver’s increase has been more modest and better balanced across all property types. MOI (Months of Inventory) in Vancouver is up ~35% compared to double in Toronto.
Even more interesting:
Vancouver home prices are still up ~1% year-over-year
Toronto prices have dropped nearly 2%
🧠 What the Media Thinks Is Causing This
The popular theory? Global uncertainty, interest rate jitters, and trade war fears (yes, Trump again).
But according to Lis — the data doesn’t support that theory.
➡️ BC & Ontario have always been expensive
➡️ Borrowing costs have come down, not up
➡️ Other expensive markets like Alberta are thriving despite the same global environment
➡️ Historically, no strong correlation exists between uncertainty and Vancouver sales dips
🔍 So What’s Really Going On?
Lis turns the question around:
Instead of asking “Why are BC and Ontario slow?”
👉 We should be asking: “Why are so many other markets doing well?”
His analysis challenges assumptions, invites more curiosity, and opens the door for fresh thinking in a complex market.
💬 Final Thought
This slowdown is not business as usual — and it’s not explained by the usual suspects.
As a local REALTOR® staying on top of this evolving story, I’m here to help you navigate what this means for your next move.
📞 Let’s connect if you’re thinking about buying or selling in the Tri-Cities area.
📍Tara Kennedy – REALTOR®
Serving Coquitlam | Port Coquitlam | Port Moody
🔑 Real Advice. Real Results.
🔑 #TaraKennedyRealEstate #YourRealtorInTheTricities #CoquitlamRealEstate #PortMoodyRealtor #PortCoquitlamHomes #VancouverRealEstate #AndrewLis #HousingTrends #RealEstateInsights #TriCitiesRealEstate #HomeBuyingBC #BCRealtor