The British Columbia housing market saw a stronger start in January 2025, with home sales increasing compared to the previous year, according to new data from the British Columbia Real Estate Association (BCREA). However, despite the uptick in transactions, average prices declined slightly.
BCREA reported that 4,221 residential units were sold through Multiple Listing Service® (MLS®) systems across the province in January, reflecting a 6.4% increase from the same month in 2024. At the same time, the average MLS® residential price dipped by 1.0% to $949,560, down from $959,191 in January 2024.
Total sales dollar volume for the month reached $4 billion, marking a 5.3% year-over-year increase. However, despite the gains, the province’s MLS® unit sales remained 12% below the 10-year January average. Read more.