Market Activity Strengthens as Uncertainty Wanes

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.

The total sales dollar volume was $6.7 billion, virtually unchanged from the same time the previous year. BC MLS® unit sales were 16 per cent lower than the ten-year July average.

“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.