Vancouver’s Real Estate Market Surges: What’s Fuelling the Frenzy?

Home sales in Vancouver rose by 8.8% in January, totaling 1,552 transactions, while new listings surged by 46.9% to 5,566 homes. Current inventory is at 11,494, a 33.1% year-over-year increase. The composite benchmark price is $1,173,000, indicating moderate growth. The market is shifting towards sellers, with strong buyer interest despite potential challenges from U.S. tariffs on Canadian imports. Experts predict moderate price growth, but external economic factors could impact market stability.