While Trump’s Tariffs and the upcoming Federal Election have created record economic uncertainty and the province of BC as a whole experiences a drop in sales; Vancouver Island’s market is relatively strong. Year-to-date, BC residential sales dollar volume is down 8.1 per cent to $14.5 billion, compared with the same period in 2024 according to BCREA Statistics release for March 2025. However, Vancouver Island (excluding Victoria) has been outperforming even the lower mainland and Vancouver with Average Prices up 5.8 percent year-over-year. While unit sales are slightly down the Spring market has been holding steady. Historically the market on the Island follows Vancouver so we will be watching very carefully over the next few months to see what the markets will do in the lead up to summer.
