Market Recovery Continues at an Uneven Pace Across BC.
Vancouver, BC – January 13, 2026.
The British Columbia Real Estate Association (BCREA) reports that 4,271 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in December 2025, down 5.9 per cent from December 2024. The average MLS® residential price in BC in December 2025 was down 5.6 per cent at $952,061 compared to $1,008,513 in December 2024.
Total MLS® residential sales dollar volume was$4.1 billion, down 14.5 per cent from the same time the previous year. BC MLS® unit sales were 18.5 per cent lower than the ten-year average for the month of December.
“Weakness in provincial market activity was concentrated in the Lower Mainland in 2025, with sales across the province recovering at different rates from tariff uncertainty,” said BCREA Chief Economist Brendon Ogmundson. “Looking ahead, we hope that steady mortgage rates and fading trade uncertainty with the US will strengthen demand, leading to a broader recovery in the housing market.”
Year-to-date, BC residential sales dollar volume is down 8.3 per cent to $67 billion, compared with the same period in 2024. Residential unit sales are down 5.6 per cent year-over-year at 70,255 units, while the average MLS® residential price is also down 2.9 per cent to $953,345.
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.