Sales Activity Remains Divergent Throughout BC.
Vancouver, BC – November 12, 2026.
The British Columbia Real Estate Association (BCREA) reports that 5,670 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in October 2026, down 10.9 per cent from October 2025. The average MLS® residential price in BC in October 2026 was down 2.8 per cent at $949,832 compared to $977,117 in October 2025.
Total MLS® residential sales dollar volume was $5.39 billion, down 13.4 per cent from the same time the previous year. BC MLS® unit sales were 24 per cent lower than the ten-year average for the month of October.
“Global headwinds and hawkish monetary policy continue to disproportionately affect sales activity in the Lower Mainland, while more affordable areas continue to demonstrate resilience,” said BCREA Chief Economist Brendon Ogmundson. “Recoveries in more expensive regions of the province are dependent on a retracing of rates and oil prices such that prospective buyers regain confidence after several volatile quarters.”
Year-to-date, BC residential sales dollar volume is down 7.7 per cent to $53.48 billion, compared with the same period in 2025. Residential unit sales are down 6.4 per cent year-over-year at 56,964 units, while the average MLS® residential price is down 1.3 per cent to $938,835.
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.