The Globe and Mail reports in its Tuesday, Jan. 6, edition that Greater Vancouver home sales fell 12.9 per cent year-over-year in December. A Canadian Press dispatch to The Globe reports that Greater Vancouver Realtors said 1,537 homes changed hands last month, 20.7 per cent below the 10-year seasonal average for December. The composite benchmark price for all residential properties stood at $1,114,800 at the end of 2025, representing a 4.5-per-cent decrease over December, 2024, and a 0.8-per-cent decrease compared with November, 2025. The board's economist Andrew Lis called 2025 a year "for the history books," as total residential sales fell 10.4 per cent from 2024 and 9.3 per cent from 2023. Last year's sales total of 23,800 was almost 25 per cent below the 10-year annual sales average. The board initially expected increased activity in 2025, but housing market demand slowed when U.S. President Donald Trump began a trade war by imposing tariffs on Canadian goods. Re/Max All Points Realty's Tim Hill noted that buyers were hesitant due to uncertainty about the economic environment for major purchases like new homes. Despite the sales decline, Mr. Lis noted that sellers were still keen to list their properties.