Home sales across British Columbia declined again in August compared with a year earlier, even as the province’s real estate industry points to signs of a gradual recovery in market activity.
The British Columbia Real Estate Association reported 5,653 residential property sales through the Multiple Listing Service last month, down 4.7 per cent from August 2025.
The province’s average home price also declined compared with the same period a year earlier, falling to just under $925,000.
Association chief economist Brendon Ogmundson said home sales have been steadily recovering since January, when monthly activity dropped below 5,200 transactions. Despite the improvement, however, sales remain well below their long-term averages.
Ogmundson said the association expects the recovery to continue, but cautioned that the industry remains concerned about several factors that could affect the market.
Among them are the potential impact of new U.S. tariffs and a recent rise in long-term interest rates, both of which could add pressure to housing activity and buyer confidence.
Regional results continued to vary significantly across the province in August.
The Okanagan recorded the sharpest decline, with home sales falling 22 per cent compared with August 2025. In contrast, the South Peace River region in northeastern B.C. posted one of the strongest increases, with sales rising by almost 35 per cent year over year.
While the latest figures show that the housing market has not yet returned to its longer-term pace, the association says the steady improvement in sales since the beginning of the year points to a recovery that is continuing at a measured pace.
