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Forecasts / Thought Leadership
Current Housing Trends

HOUSING FORECAST

Multiple Listing Service® residential sales in BC are forecast to fall 2.1 per cent to 68,700 units this year.

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Oct 15, 2025

BC Home Sales Gain Momentum in September

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Oct 15, 2025

BC Home Sales Gain Momentum in September

Author profile photo
By Brendon Ogmundson,
Chief Economist
Author profile photo
By Brendon Ogmundson,
Chief Economist

For the complete news release, including detailed statistics, click here.

Vancouver, BC – October 15, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,782 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in September 2025, up 4.4 per cent from September 2024. The average MLS® residential price in BC in September 2025 was up 0.4 per cent at $948,296 compared to $944,298 in September 2024.

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Total MLS® residential sales dollar volume was $5.5 billion, up 4.8 per cent from the same time the previous year. BC MLS® unit sales were 21.4 per cent lower than the ten-year average for the month of September.

“Home sales in the province are gaining momentum following a slow first half of 2025,” said BCREA Chief Economist Brendon Ogmundson. “We anticipate sales will finish the year strong, aided by lower interest rates helping to unleash pent-up demand.”

Year-to-date, BC residential sales dollar volume is down 7.3 per cent to $51.8 billion, compared with the same period in 2024. Residential unit sales are down 4.2 per cent year-over-year at 54,594 units, while the average MLS® residential price is also down 3.3 per cent to $949,203.

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Author profile photo
By Brendon Ogmundson,
Chief Economist