A forecast by Greater Vancouver Realtors indicates that potential U.S. tariffs may have a short-term impact on the residential market. While sales are expected to rise by 13.9% this year due to lower borrowing costs, a recession with job losses could reduce the buyer pool and sales in 2025. The average home price is projected to increase by 4.1% to $1.3 million. Political changes in Canada could also affect the housing market, with both negative and positive outcomes possible.