Provincial Sales Up in August, But Some Regions Still Sluggish - BCREA August 2025 BC Housing Market Update

The British Columbia Real Estate Association (BCREA) reports that 5,961 residential unit sales were recorded in Multiple Listing Service^® (MLS^®) Systems in August 2025, up 0.5 per cent from August 2024. The average MLS^® residential price in BC in August 2025 was down 1.4 per cent at $926,335 compared to $939,376 in August 2024.

 

The total sales dollar volume was $5.5 billion, down 0.9 per cent from the same time the previous year. BC MLS^® unit sales were 24.2 per cent lower than the ten-year August average.

“We continue to see significant regional disparity in the market, with the Lower Mainland lagging behind the rest of the province,” said BCREA Chief Economist Brendon Ogmundson. “While sales finished the summer on a lower note than expected, we continue to see encouraging signs of a better second half of the year.”

Year-to-date, BC residential sales dollar volume is down 8.5 per cent to $46.3 billion, compared with the same period in 2024. Residential unit sales are down 5 per cent year-over-year at 48,842 units, while the average MLS^® residential price is also down 3.7 per cent to $949,157. If you’re considering buying or selling a home, I’d be happy to help. Feel free to reach out to Florencio Mende Jr., your Victoria, BC Realtor, at florenciomendejr@gmail.com or 250-882-1986.