Vancouver, BC – April 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,917 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in March 2025, down 9.6% from March 2024. The average MLS® residential price in BC in March 2025 was down 4.8% at $963,323 compared to $1,011,965 in March 2024.

The total sales dollar volume was $5.7 billion, a 13.9% decrease from the same time the previous year. BC MLS® unit sales were 35% lower than the ten-year March average.

“Buyers continued to shift back to the sidelines in March,” said BCREA Chief Economist Brendon Ogmundson. “The economic uncertainty surrounding potential tariffs on Canadian goods has some potential buyers hesitant, particularly in the province’s larger markets.”

Year-to-date, BC residential sales dollar volume is down 8.1% to $14.5 billion, compared with the same period in 2024. Residential unit sales are down 5.2% year-over-year at 15,160 units, while the average MLS® residential price is also down 3.1% to $959,400.

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Tariff Fears Sideline Buyers in March by Brendon Ogmundson | Chief Economist | BCREA