Canadian Retail Sales (July 2025) – September 19, 2025

Canadian retail sales decreased by 0.8 per cent to $69.6 billion in July compared to the previous month. Compared to the same time last year, retail sales were up by 4.0 per cent. Furthermore, core retail sales, which exclude gasoline and automobile items, were down 1.2 per cent month-over-month. In volume terms, adjusted for rising prices, retail sales decreased by 0.8 per cent in July.

Retail sales in British Columbia were down 0.8 per cent in July from the previous month and rose by 7.6 per cent compared to the same time last year. In the CMA of Vancouver, retail sales were down 1.6 per cent from the prior month and were 8.9 per cent above the level of July 2024.

July's report contributes to a broader trend of sizeable monthly volatility in Canadian…

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Canadian Housing Starts (August 2025)

Canadian housing starts decreased 16 per cent from the previous month, totalling 245,791 units in August at a seasonally adjusted annual rate (SAAR). Starts were up 15 per cent from the same month last year. Single-detached housing starts decreased by 2 per cent from last month to 55,271 units, while multi-family and other starts decreased by 20 per cent to 190,519 units (SAAR).

In British Columbia, starts fell by 19 per cent from last month to 46,274 units (SAAR) in all areas of the province. In areas of the province with 10,000 or more residents, single-detached starts increased by 7 per cent to 4,284 units, while multi-family starts fell by 22 per cent to 39,480 units month-over-month. Starts in the province were 34 per cent above the levels from…

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Provincial Sales Up in August, But Some Regions Still Sluggish

BCREA August 2025 Market Update

BCREA Reports August 2025 MLS® Market Activity

Vancouver, BC – September 11, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,961 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in August 2025, up 0.5 per cent from August 2024.

The average MLS® residential price in BC in August 2025 was down 1.4 per cent at $926,335 compared to $939,376 in August 2024.

The total sales dollar volume was $5.5 billion, down 0.9 per cent from the same time the previous year. BC MLS® unit sales were 24.2 per cent lower than the ten-year August average.

“We continue to see significant regional disparity in the market, with the Lower Mainland lagging behind the rest of…

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Fraser Valley Real Estate Statistics - August 2025

Declining prices and high inventory strengthen buyer’s market heading into fall

SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions.

Sales and Inventory

The Fraser Valley Real Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®) in August, down 22% from July and down 13% year-over-year. August sales were 36% below the 10-year average.

The buyer’s market remains strong with inventory levels holding relatively stable, down 2% to 10,445 active listings. Newly listed homes declined 19% month-over-month to 2,793; up 0.5% year-over-year.

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Greater Vancouver Real Estate Statistics - August 2025

Easing home prices help lift sales in August

VANCOUVER, B.C. – September 3, 2025

Easing prices brought more Metro Vancouver* homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year.

Headline Numbers

• Total residential sales (Aug 2025): 1,959 (+2.9% vs. 1,904 in Aug 2024)
• Sales vs. 10-year seasonal average: 19.2% below (avg: 2,424)
• New listings (Aug 2025): 4,225 (+2.8% vs. 4,109 in Aug 2024)
• New listings vs. 10-year seasonal average: 1.3% above (avg: 4,172)
• Total active listings: 16,242 (+17.6% vs. 13,812 in Aug 2024; 36.9% above 10-year seasonal avg of 11,862)

Economist Commentary

“The August sales figures add further confirmation that sales activity…

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Selling Your Property in B.C.? Here’s How Taxes Could Impact Your Sale

Selling your property in British Columbia can be an exciting milestone, but it’s crucial to remember that taxes and fees when selling a home can significantly affect your bottom line. Many homeowners and investors focus on the sale price and overlook the various costs, especially taxes, that kick in when you sell. In B.C., understanding the taxes on selling a house ahead of time can save you from surprises before small problems become big ones. This comprehensive guide will walk you through what to expect, from capital gains on selling a house to the typical closing costs when selling a house, so you can plan a smooth, profitable sale with a professional but friendly approach.

1. Taxes on Selling a Principal Residence vs. Other Properties

If the…

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Canadian Economic Growth (Real GDP Q2 2025) – August 29, 2025

Canadian real GDP fell by 0.1 per cent in June, after declining by 0.1 per cent in May. Goods-producing sectors fell 0.5 per cent, while service-producing industries increased by 0.1 per cent. Sectoral growth was led by retail trade (1.4 per cent), wholesale trade (0.5 per cent), and construction (0.3 per cent). The biggest detractors from growth were from manufacturing (-1.5 per cent) and utilities (-1.2 per cent). Output for the offices of real-estate agents and brokers rose by 3.1 per cent month-over-month. Preliminary estimates suggest that real GDP by industry increased by 0.1 per cent in July.

Real GDP declined by 0.4 per cent in the second quarter of 2025, registering an annualized growth rate of -1.6 per cent. Contraction was driven by a…

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BCREA 2025 Third Quarter Housing Forecast Update

Second-Half Recovery in 2025 Sets Up a Brighter 2026

Vancouver, BC – August 21, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 2.2 per cent to 72,840 units this year. In 2026, MLS® residential sales are forecast to move higher, rising 10.7 per cent to 80,600 units.

“Trade-related uncertainty upended hopes for a more normal market through the first half of 2025,” said BCREA Chief Economist Brendon Ogmundson. “While provincial home sales remain weak overall, particularly in the Lower Mainland, many markets are now returning to long-run average sales activity and should head into 2026 with some…

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Canadian Inflation (July 2025)

August 19, 2025

Canadian prices, as measured by the Consumer Price Index (CPI), rose 1.7 per cent on a year-over-year basis in July, down from a 1.9 per cent increase in June. Month-over-month, on a seasonally adjusted basis, the CPI was up 0.1 per cent in July. Downward pressure on headline inflation was driven by a sharper fall in gasoline prices year-over-year compared to June. The CPI ex-gasoline has held at 2.5 per cent over the past three months. Additionally, shelter price growth rose for the first time since February 2024, with prices growing by 3.0 per cent in July, slightly up from 2.9 per cent in June. Food purchased in grocery stores rose at a faster pace of 3.4 per cent year-over-year compared to 2.8 per cent the previous month. In BC,…

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BCREA July 2025 MLS® Sales Update

Market Activity Strengthens as Uncertainty Wanes

Vancouver, BC – August 13, 2025. The British Columbia Real Estate Association (BCREA) reports that 7,056 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2025, up 2.2% from July 2024. The average MLS® residential price in BC in July 2025 was $942,686, down 2.1% compared to $963,047 in July 2024.

The total sales dollar volume was $6.7 billion, virtually unchanged from the same time the previous year. BC MLS® unit sales were 16% lower than the ten-year July average.

“Housing markets across BC continue to build momentum through the summer, with all regions apart from the Lower Mainland boasting higher sales activity from the previous year,” said BCREA Chief…

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