2026

Home sales on Vancouver Island are off to a slow start in 2026, with buyer activity subdued as uncertainty mounts on multiple fronts. Rising interest rates, US tariffs on Canadian exports, a broader economic slowdown, unresolved Aboriginal title questions under DRIPA, and ongoing conflict in the Middle East have all contributed to hesitation in the market, making Q1 2026 the second slowest first quarter...

“The housing market continues to be challenged by persistent global headwinds and a struggling economy,” said BCREA Chief Economist Brendon Ogmundson. “However, improved affordability in many markets combined with several years of pent-up demand creates conditions for a rebound, though households will likely need a prolonged period of stability to re-enter the market.” For the complete news...

Canada’s spring housing market is beginning to show signs of life after a long winter that kept many buyers and sellers on the sidelines. While headlines around economic uncertainty and global conflict continue to weigh on consumer confidence, a recent uptick in activity suggests a slow but welcome start to the spring market. According to the Royal LePage® House Price Survey and Market...

The Canadian real estate market closed out 2025 with a modest decline in housing prices, reflecting lingering consumer hesitation amid ongoing economic uncertainty. Looking ahead, a modest spring rebound is possible as lower interest rates and healthy inventory levels begin to draw some buyers back to the offer table. According to the Royal LePage® House Price Survey and Market Forecast, the...