Homebuyers Remain Hesitant in April
Posted by Adam Chahl on
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…
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