Vancouver, BC – September 14, 2026. The British Columbia Real Estate Association (BCREA) reports that 5,653 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in August 2026, down 4.7% from August 2025. The average MLS® residential price in BC in August 2026 was down 1% at $924,826 compared to $925,917 in August 2025.

Total MLS® residential sales dollar volume was $5.2 billion, down 4.8% from the same time the previous year. BC MLS® unit sales were 25.4% lower than the ten-year average for the month of August.

“Provincial home sales remain well below long-term averages but have been steadily improving throughout the year,” said BCREA Chief Economist Brendon Ogmundson. “We expect a gradual recovery in sales to continue, though new tariffs and a recent spike in long term interest rates add a layer of risk to that scenario.”

Year-to-date, BC residential sales dollar volume is down 6.5% to $43.26 billion, compared with the same period in 2025. Residential unit sales are down 5.5% year over-year at 46,069 units, while the average MLS® residential price is down 1% to $939,028.

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

Slow But Steady Sales Recovery Continues in The BC Market by Brendon Ogmundson | Chief Economist | BCREA