Vancouver, BC – November 12, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,374 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in October 2025, down 10.2% from October 2024. The average MLS® residential price in BC in October 2025 was up 0.8% at $978,658 compared to $970,483 in October 2024.

Total MLS® residential sales dollar volume was $6.2 billion, down 9.4% from the same time the previous year. BC MLS® unit sales were 17.1% lower than the ten-year average for the month of October.

“Sales activity in many regions of the province has recovered to pre-tariff levels, with more expensive regions continuing to lag behind,” said BCREA Chief Economist Brendon Ogmundson. “We expect demand to steadily enter the market as interest rates fall, driving a stronger final quarter of the year.”

Year-to-date, BC residential sales dollar volume is down 7.5% to $58 billion, compared with the same period in 2024. Residential unit sales are down 4.8% year-over-year at 60,954 units, while the average MLS® residential price is also down 2.8% to $952,273.

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BC Housing Market Activity Strengthening Into The Closing Months of 2025 by Brendon Ogmundson | Chief Economist | BCREA