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 per cent from July 2024. The average MLS® residential price in BC in July 2025 was down 2.1 per cent at $942,686 compared to $963,047 in July 2024.
“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 Economist Brendon Ogmundson. “With a stable trajectory for monetary policy, we expect sales in the province will continue to improve as tariff uncertainties fade.”
Year-to-date, BC residential sales dollar volume is down 9.4 per cent to $40.8 billion, compared with the same period in 2024. Residential unit sales are down 5.7 per cent year-over-year at 42,895 units, while the average MLS® residential price is also down 3.9 per cent to $952,323.
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.