Vancouver, BC – February 13, 2025. The British Columbia Real Estate Association (BCREA) reports that 4,221 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in January 2025, up 6.4% from January 2024. The average MLS® residential price in BC in January 2025 was down 1.0% at $949,560 compared to $959,191 in January 2024.

The total sales dollar volume was $4 billion, a 5.3% increase from the same time the previous year. BC MLS® unit sales were 12% lower than the ten-year January average.

“As expected, 2025 is off to a better start in most regions across BC,” said BCREA Chief Economist Brendon Ogmundson. “January’s pickup in sales and listings may foreshadow a stronger 2025, caveated by global uncertainties which may trigger higher or lower rates from the Bank of Canada.”

Active listings in January 2025 climbed to 30,896 units, a 27% increase from the same month last year. Normalizing trends in new listings, coupled with stronger sales activity in the past few months, have led to an accumulation of inventory. Moving forward, it remains crucial for supply to keep pace with growing demand to keep markets balanced and prevent rampant price appreciation.

Click here for the complete news release, including detailed statistics.

2025 Begins with Strong Sales and Listings Activity by Brendon Ogmundson | Chief Economist | BCREA