Vancouver, BC – May 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,453 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in April 2025, down 14.6% from April 2024. The average MLS® residential price in BC in April 2025 was down 6.1% at $942,884 compared to $1,003,638 in April 2024.

The total sales dollar volume was $6.1 billion, a 19.7% decrease from the same time the previous year. BC MLS® unit sales were 27% lower than the ten-year April average.

“Regional activity continued to diverge in April with more expensive regions experiencing a larger drop in sales activity,” said BCREA Chief Economist Brendon Ogmundson. “Uncertainty regarding trade and monetary policy has caused trepidation for prospective buyers, largely in the Lower Mainland, prompting overall provincial activity to fall far below historical averages.”

Year-to-date, BC residential sales dollar volume is down 11.7% to $20.7 billion, compared with the same period in 2024. Residential unit sales are down 7.9% year-over-year at 21,676 units, while the average MLS® residential price is also down 4.1% to $953,674.

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

Homebuyers Remain Hesitant in April by Brendon Ogmundson | Chief Economist | BCREA