Slow but Steady Sales Recovery Continues in the BC Market
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 per cent from August 2025. The average MLS®residential price in BC in August 2026 was down 1 per cent at $924,826 compared to $925,917 in August 2025.
Total MLS® residential sales dollar volume was $5.2 billion, down 4.8 per cent from the same time the previous year. BC MLS® unit sales were 25.4 per cent 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 per cent to $43.26 billion, compared with the same period in 2025. Residential unit sales are down 5.5 per cent year-over-year at 46,069 units, while the average MLS® residential price is down 1 per cent to $939,028.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.