Vancouver’s housing market better better prepared for tariffs than Toronto’s

Vancouver's housing market is performing better than Toronto's as 2025 begins, according to TD Economics. While both markets are experiencing "tepid performance," Metro Vancouver shows more resilience, with home sales up 21% year-on-year compared to 8% in the Greater Toronto Area (GTA). Average and benchmark prices in Vancouver have declined 6% and 4%, respectively, while the GTA has seen a 15% drop. Condo sales in Vancouver increased by 14%, contrasting with a 12% decline in the GTA. Rental construction is also stronger in Vancouver, aiding in addressing housing shortages.