Most Markets Remain Balanced Amidst Mounting Headwinds.
Vancouver, BC – October 14, 2026.
The British Columbia Real Estate Association (BCREA) reports that 5,254 residential unit sales were recorded in Multiple Listing Service® (MLS® ) Systems in September 2026, down 8.9 per cent from September 2025. The average MLS® residential price in BC in September 2026 was down 2.4 per cent at $924,279 compared to $946,767 in September 2025.
September 2026 was down 2.4 per cent at $924,279 compared to $946,767 in September 2025.
Total MLS® residential sales dollar volume was $4.9 billion, down 11 per cent from the same time the previous year. BC MLS® unit sales were 25.8 per cent lower than the ten-year average for the month of September.
“Home sales dipped in September after an encouraging summer as spiking oil prices prompted speculation of impending Bank of Canada rate hikes,” said BCREA Chief Economist Brendon Ogmundson. “However, we are also seeing inventory levels decline on a monthly basis, which should help markets remain in balance.”
Year-to-date, BC residential sales dollar volume is down 7 per cent to $48.11 billion, compared with the same period in 2025. Residential unit sales are down 5.9 per cent year-over-year at 51,310 units, while the average MLS® residential price is down 1.1 per cent to $937,644.
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.