Metro Vancouver's residential market in 2024 fell short of optimistic forecasts, with actual sales at 26,561, a 2% increase from 2023, compared to the predicted 8% rise. Price growth was also below expectations, with an average increase of 1.5%, settling at $1.3 million. Looking ahead to 2025, GVR maintains cautious optimism, projecting sales to reach 30,250 and average prices to rise by 4.1% to $1,354,000, supported by lower borrowing costs, despite potential risks from U.S. tariffs and political uncertainties.
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