Vacancy rates rise as B.C. rental prices stabilize after years of record increases.Vancouver’s two-bedroom units average $2,314, much higher than Canada’s $1,447 national average rental price.

1. 2025 may see a surge in housing demand:
Lower rates and rule changes could overwhelm Canada’s housing market
2. New mortgage rules benefit high-end buyers:
This shift offers smaller down payments for higher-priced homes.

Rent inflation is expected to slow with reduced immigration and weaker population growth.
Immigration targets reduced by 20%, affecting temporary residents who are primary renters.

Canadian home prices set to rise 6% in 2025, reaching $856,692 by Q4.
Single-family home prices will rise 7% to $900,833, while condos rise 3.5% to $605,993.

B.C.'s housing market in 2025 is expected to be balanced, with stable sales and prices.Lower borrowing costs should make mortgage payments more manageable for homebuyers in 2025.The main uncertainty for 2025 is the potential impact of U.S. tariffs and economic challenges.

Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather.
Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.

The Canada Housing Benefit supports low-income renters, offering tailored assistance based on income and regional housing costs. Struggling with high rent? This benefit ensures housing stability in urban and rural areas nationwide.

1. Create a Moving Budget
2. Take Inventory of Your Belongings
3. Pack Efficiently
4. Plan for Moving Day Essentials

Avg apartment rents in BC ↓ 2.3% to $2,524 in November, continuing a nationwide decline.
Factors like increased supply and shifting renter preferences contributed to the decline in rent prices.