Vancouver Real Estate News - BC home sales

BCREA July 2025 MLS® Sales Update

Posted by Adam Chahl on August 15th, 2025

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…

570 Views, 0 Comments

Uncertainty Continues to Hold Back Sales Activity in BC

Posted by Adam Chahl on June 12th, 2025

Vancouver, BC – June 12, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,945 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2025, down 13.5 per cent from May 2024. The average MLS® residential price in BC in May 2025 was down 4.2 per cent at $959,058 compared to $1,001,341 in May 2024.

The total sales dollar volume was $6.7 billion, a 17.1 per cent decrease from the same time the previous year. BC MLS® unit sales were 26 per cent lower than the ten-year May average.

“All regions of BC have seen declining home sales activity through the first five months of the year with more expensive markets slowing the most,” said BCREA Chief Economist Brendon Ogmundson. “Given that…

240 Views, 0 Comments

Homebuyers Remain Hesitant in April

Posted by Adam Chahl on May 18th, 2025

Vancouver, BC – May 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,453 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in April 2025, down 14.6 per cent from April 2024. The average MLS® residential price in BC in April 2025 was down 6.1 per cent at $942,884 compared to $1,003,638 in April 2024.

The total sales dollar volume was $6.1 billion, a 19.7 per cent decrease from the same time the previous year. BC MLS® unit sales were 27 per cent lower than the ten-year April average.

“Regional activity continued to diverge in April with more expensive regions experiencing a larger drop in sales activity,” said BCREA Chief Economist Brendon Ogmundson. “Uncertainty regarding trade and…

228 Views, 0 Comments