Vancouver Real Estate Podcast VREP #459 | The Trump Tariffs Hit Vancouver Real Estate with Dustan Woodhouse
Mar 7, 2025
Mortgage industry veteran Dustan Woodhouse shares insights on how recent 25% tariffs and economic uncertainties are reshaping Vancouver's real estate market. He discusses the potential tipping point these changes could represent and debates fixed versus variable mortgages for 2025. The conversation also covers investment strategies amid evolving sentiments towards landlords and the resilience needed to navigate challenges. Dustan emphasizes the importance of adaptability in a market where uncertainty is becoming the norm.
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Timing the Market
- Avoid timing the market when selling a principal residence.
- It's risky, comparable to gambling all your home equity on roulette.
Westwood Plateau Sale
- A family sold their Coquitlam home for $550,000, believing it was the peak.
- The house is now worth $2 million, highlighting the cost of mistiming the market.
Shifting Sentiment
- Many landlords are divesting single-family rentals due to challenging tenant laws.
- The sentiment towards individual landlords has shifted negatively.
