BC Housing Market Activity Weakens Heading Into the Holidays

Vancouver, BC – December 15, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,052 residential unit sales were recorded in Multiple Listing Service(MLS) Systems in November 2025, down 13.3 per cent from November 2024. The average MLS residential price in BC in November 2025 was down 1.4 per cent at $965,914 compared to $979,774 in November 2024.

Total MLS residential sales dollar volume was $4.9 billion, down 14.5 per cent from the same time the previous year. BC MLS unit sales were 24.9 per cent lower than the ten-year average for the month of November.

“Market activity cooled throughout the province in November, with sales in every region falling short of historical averages,” said BCREA Chief Economist Brendon Ogmundson. “While broader headwinds continue to linger, we hope stable rates and fading trade uncertainty with the US will stimulate sales moving into 2026.”

Year-to-date, BC residential sales dollar volume is down 8.1 per cent to $62.9 billion, compared with the same period in 2024. Residential unit sales are down 5.6 per cent year-over-year at 65,997 units, while the average MLS residential price is also down 2.7 per cent to $953,306.

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