Vancouver, BC – January 13, 2026. The British Columbia Real Estate Association (BCREA) reports that 4,271 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in December 2025, down 5.9% from December 2024. The average MLS® residential price in BC in December 2025 was down 5.6% at $952,061 compared to $1,008,513 in December 2024.

Total MLS® residential sales dollar volume was $4.1 billion, down 14.5% from the same time the previous year. BC MLS® unit sales were 18.5% lower than the ten-year average for the month of December.

“Weakness in provincial market activity was concentrated in the Lower Mainland in 2025, with sales across the province recovering at different rates from tariff uncertainty,” said BCREA Chief Economist Brendon Ogmundson. “Looking ahead, we hope that steady mortgage rates and fading trade uncertainty with the US will strengthen demand, leading to a broader recovery in the housing market.”

Year-to-date, BC residential sales dollar volume is down 8.3% to $67 billion, compared with the same period in 2024. Residential unit sales are down 5.6% year-over-year at 70,255 units, while the average MLS® residential price is also down 2.9% to $953,345.

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Market Recovery Continues at an Uneven Pace Across BC by Brendon Ogmundson | Chief Economist BCREA