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2mo ago

B.C. Home Sales Rise 2.2% in July as Year-to-Date Sales Fall 5.7%

A 2.1% drop in average listing prices alongside flat dollar volume underscores regional divergence as the Lower Mainland lags with further gains contingent on easing tariff uncertainties.

Image
New single family houses billed as estate cottages and townhouses under construction are seen in an aerial view, in Delta, B.C., on Monday, Aug. 12, 2024. THE CANADIAN PRESS/Darryl Dyck
A crane is seen above a wood-frame condo project under construction as condo and office towers line the downtown skyline, in Vancouver, on Friday, July 4, 2025.

Overview

  • Residential unit sales in July climbed 2.2% year-over-year to about 7,000 transactions across British Columbia.
  • Cumulative home sales for the first seven months total just under 43,000 units, marking a 5.7% decline from the same period in 2024.
  • The average listing price in July eased by 2.1% to $942,686, while total sales dollar volume held steady at $6.7 billion.
  • Sales growth was recorded in every region except the Lower Mainland, where activity continues to lag the provincial average.
  • The BCREA attributes the modest summer momentum to improving conditions with further gains dependent on the resolution of tariff-related uncertainties.