2025 Begins With Strong Sales and Listings Activity.
Vancouver, BC – February 13, 2025.
The British Columbia Real Estate Association (BCREA) reports that 4,221 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in January 2025, up 6.4 per cent from January 2024. The average MLS® residential price in BC in January 2025 was down 1.0 per cent at $949,560 compared to $959,191 in January 2024.
The total sales dollar volume was $4 billion, a 5.3 per cent increase from the same time the previous year. BC MLS® unit sales were 12 per cent lower than the ten-year January average.
“As expected, 2025 is off to a better start in most regions across BC,” said BCREA Chief Economist Brendon Ogmundson. “January’s pickup in sales and listings may foreshadow a stronger 2025, caveated by global uncertainties which may trigger higher or lower rates from the Bank of Canada.”
Active listings in January 2025 climbed to 30,896 units, a 27 per cent increase from the same month last year. Normalizing trends in new listings, coupled with stronger sales activity in the past few months, have led to an accumulation of inventory. Moving forward, it remains crucial for supply to keep pace with growing demand to keep markets balanced and prevent rampant price appreciation.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.