As we begin our move into 2025, the Sunshine Coast real estate market is poised for notable changes influenced by broader provincial and national trends. The British Columbia Real Estate Association (BCREA) anticipates a 13% increase in home sales across the province, signaling a rebound from the flat activity observed in 2024.
Provincial Trends Impacting the Sunshine Coast
The BCREA forecasts a 3% rise in the average home sale price in British Columbia for 2025.
This projection suggests a modest appreciation in property values, which is expected to extend to the Sunshine Coast. The region's unique appeal, characterized by its natural beauty and lifestyle offerings, continues to attract buyers, potentially leading to increased demand and upward pressure on prices.
National Economic Factors
Nationally, the Canadian Real Estate Association (CREA) projects a 6.6% increase in home sales and a 4.4% rise in average home prices for 2025. (Yahoo Finance)
These trends reflect a broader recovery in the housing market, influenced by anticipated interest rate cuts and policy changes aimed at improving housing affordability. Such national dynamics are likely to have a positive impact on the Sunshine Coast market as well.