What does the 2025 Real Estate Market look like? How will the economic uncertainty impact both Buyers and Sellers?

If you are like most people then you probably have questions about how the current economic uncertainty will impact the real estate market from both the Buyer's and Seller's perspectives? Will there be tariffs? Will there be inflation as a result and will this cause the interest rates to go up again? Well, currently we are seeing more of a Balanced market. So, if you qualify for a mortgage there is enough inventory in all categories to satify the demand but this means Sellers must be priced in the right spot to sell. For Buyers, this is a good time to choose what checks off most, if not all of, your wants. 

Bottom line is if we see wide spread retaliatory tariffs come in here in Canada then we will most likely see higher prices on a wide range of products and we will pay more for Canadian goods as well. So, increased inflation would trigger higher interest rates and most likely a stalled real estate market. 

In reality, we can really only deal with right now and right now, we are looking at further interest rate drops which should help all the buyers wanting to make a move or get into the market. If you quallify for what you want to buy now then now is the time to buy it because if rates do go up and price you out it may be some time before the rates come down again. If you go variable you could always lock in later if the rates start to go up. That said a lot of folks like to go fixed and know for sure what their payments are month to month.

Do you have real estate questions about homes, condos or townhomes in the Fraser Valley? Do you have questions about Langley, Brookswood or the surrounding areas? If you do then let's connect. #CallCosburn and get results that matter.