B.C. home sales up, prices down as tariff uncertainties linger | Daily Hive

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B.C. home buyers have been busy during the summer months, and they’re spending less on average for residential units compared to a year ago.

The statistics come from the British Columbia Real Estate Association (BCREA), which states that market activity in the province is up even as tariff uncertainties remain on buyers’ minds.

In its latest bulletin, the BCREA reported that home sales of all types across B.C. rose by 2.2 per cent in July 2025 compared to the same month in 2024. The number of home sales in MLS reached 7,056 units.

B.C. Real Estate Association

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That follows a jump in June’s year-over-year numbers, which were 1.3 per cent higher than the previous year.

“Housing markets across BC continue to build momentum through the summer, with all regions apart from the Lower Mainland boasting higher sales activity from the previous year,” said BCREA Chief Economist Brendon Ogmundson in the Economics Statistical Release.

“With a stable trajectory for monetary policy, we expect sales in the province will continue to improve as tariff uncertainties fade.”

Home sales in Greater Vancouver bucked the trend, with total unit sales dipping by 1.6 per cent.

B.C. Real Estate Association

Year-over-year, the average MLS residential price in July is down 2.1 per cent to $942,646. June saw a 4.2 per cent decrease compared to 2024.

The BCREA also shared that B.C. residential sales dollar volume is down 9.4 per cent to $40.8 billion year-to-date, compared with the same period of time last year.

BCREA’s statistics are based on its compilation of data recorded by the province’s regional-based real estate boards, including Greater Vancouver Realtors and Fraser Valley Real Estate Board.

Renters aren’t faring any better in the current housing market. The newest data from Rentals.ca highlights that four of the five most expensive cities to rent in Canada are in Metro Vancouver.

Those wanting a break from high home and rental prices may want to check out this B.C. castle on a historic island property that’s for sale well under assessed value.

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