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...
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