B.C. Home Sales Weighed Down by Lower Mainland, Fall Nearly 7% in July
The British Columbia Real Estate Association said 6,561 MLS sales were recorded, while the average price fell 1.3% to just under $930,000.
- The British Columbia Real Estate Association reported 6,561 residential sales in July, a 6.7% year-over-year decline as weakness in the Lower Mainland outweighed gains across most other regions.
- Greater Vancouver sales fell over 9% to just over 2,000 units, while Chilliwack dropped 14% and other Fraser Valley markets slipped 7%, concentrating regional pressure on the province.
- Average sales prices decreased 1.3% to just under $930,000 from about $942,000 a year earlier, reflecting erosion of seller bargaining power across British Columbia's cooling market.
- Association chief economist Brendon Ogmundson noted that while most of the province saw activity rise from June, the Lower Mainland remained a notable exception to this broader resilience.
- Ogmundson remains hopeful the market can recover by "converging to long-term averages" in the next year, supported by labour market improvements and economic resilience.
16 Articles
16 Articles
Weak Lower Mainland market leads to B.C. home sales falling nearly 7% in July
The British Columbia Real Estate Association says 6,561 residential property sales were recorded in the Multiple Listing Service in the province last month, down 6.7 per cent from a year ago.
The Toronto Star
B.C. home sales weighed down by Lower Mainland, fall almost 7 per cent in July
VANCOUVER - A weak market in the Lower Mainland is weighing on homes sales in British Columbia, with both transactions and average prices falling in July.
Housing Market Activity Uneven Across BC Regions - British Columbia Real Estate Association
For the complete statistics release, including detailed tables, click here. Vancouver, BC – August 13, 2026. The British Columbia Real Estate Association (BCREA) reports that 6,561 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2026, down 6.7 per cent from July 2025. The average MLS® residential price in BC in ... The post Housing Market Activity Uneven Across BC Regions appeared first on British Columbi…
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