B.C. Home Sales Fall Nine per Cent in September Amid Interest Rate Speculation
The British Columbia Real Estate Association said just over 5,250 homes sold, while speculation about Bank of Canada rate hikes weighed on buyers.
- Home sales in British Columbia dipped in September, with the British Columbia Real Estate Association reporting just over 5,250 homes sold, down about 9 per cent from 2025.
- Speculation over potential Bank of Canada interest rate hikes dampened activity, following what Association chief economist Brendon Ogmundson described as "an encouraging summer" of market recovery.
- Residential transactions totaled $4.9 billion in September, down 11 per cent year-over-year, while the average price on the Multiple Listing Service fell 2.4 per cent to just over $924,000.
- September sales volume fell about 26 per cent below the 10-year average for British Columbia, with year-over-year declines across all regions except South Peace River and the Kootenays.
- Year-to-Date sales in British Columbia have reached approximately 51,000 homes, representing a 6 per cent decline from the same period in 2025, signaling sustained market weakness.
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17 Articles
The Toronto Star
B.C. home sales fall nine per cent in September amid interest rate speculation
VANCOUVER - Home sales in British Columbia dipped again in September, with the province's real estate board saying interest rate hike speculation weighed on the market.
Most Markets Remain Balanced Amidst Mounting Headwinds - British Columbia Real Estate Association
For the complete statistics release, including detailed tables, click here. Vancouver, BC – October 14, 2026. The British Columbia Real Estate Association (BCREA) reports that 5,254 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in September 2026, down 8.9 per cent from September 2025. The average MLS® residential price in BC in September ...
The real estate market in Greater Vancouver and the Fraser Valley continues to cool, with prices falling and new listings still increasing, but this has failed to significantly boost buyer interest. The latest data from the two major real estate brokerage associations shows that residential sales remained weak in September, and prices continued to be under pressure, reflecting that buyers are still inclined to wait and see amid an uncertain econ…
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