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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Foreign Buyer Tax Anecdote
- Adam Sklina recalls the market paralysis after the foreign buyer tax.
- Then, business returned to usual after a few months of absorbing the news.
Almost Purchase
- Dustan Woodhouse almost bought a half-duplex in 2016 before the foreign buyer tax announcement.
- He and several clients decided to wait and see, luckily avoiding the market high.
Timing the Market
- Avoid timing the market when selling a principal residence.
- It's risky, comparable to gambling all your home equity on roulette.