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In case you missed it, there’s been a lot happening in the world of real estate lately, and we’re here to break it all down for you!

👉 Tariffs Impacting Construction CostsThe U.S. has imposed a 25% tariff on all steel and aluminum imports—including from Canada. Canada is responding with a 25% tariff on U.S. steel, aluminum, and other goods. These measures could lead to higher construction costs and, in turn, affect home prices.

👉 Interest Rates & What’s NextThe Bank of Canada has reduced its policy rate to 2.75%, marking the seventh consecutive rate cut. While lower rates boost buying power, inflation at 2.6% could influence future decisions on rates.

👉 Vancouver's Market Inventory UpdateAs of February 2025, active listings in Metro Vancouver reached 12,744—a 32% increase from last year. It’s the highest February inventory in a decade, with condos, townhomes, and duplexes seeing the biggest jump. While more options mean more negotiating power for buyers, the lower rates may stir up demand, possibly tightening inventory soon.

💡 Navigating the real estate landscape requires staying informed and strategizing, whether you're buying or selling. Have questions? Reach out to us today!

🏡www.brgremax.com/🚀Check our website for Home Buying, Selling, and Market Up