Vancouver, BC – October 15, 2025 — The British Columbia Real Estate Association (BCREA) has reported a notable upswing in the province’s housing market as home sales continue to regain strength this fall.
According to BCREA, 5,782 residential unit sales were recorded through the Multiple Listing Service® (MLS®) Systems in September 2025, marking a 4.4% increase compared to the same month last year. The average MLS® residential price also saw a slight rise of 0.4%, reaching $948,296, up from $944,298 in September 2024.
Market Value on the Rise
The total MLS® residential sales dollar volume across the province hit $5.5 billion, a 4.8% year-over-year increase. However, despite the positive momentum, overall MLS® unit sales remain 21.4% below the ten-year average for September — a sign that the market still has room to recover to historical norms.
Signs of Recovery Ahead
“Home sales in the province are gaining momentum following a slow first half of 2025,” said Brendon Ogmundson, BCREA Chief Economist. “We anticipate sales will finish the year strong, aided by lower interest rates helping to unleash pent-up demand.”
As borrowing costs ease and buyer confidence improves, more potential homeowners appear ready to re-enter the market. Lower mortgage rates are also expected to stimulate activity heading into the final quarter of the year.
Year-to-Date Overview
So far in 2025, BC’s residential sales dollar volume has reached $51.8 billion, representing a 7.3% decrease compared with the same period in 2024. Residential unit sales are also down 4.2% year-over-year at 54,594 units, while the average MLS® residential price has dipped slightly by 3.3% to $949,203.
What This Means for Buyers and Sellers
The gradual rebound in home sales signals renewed confidence in BC’s housing market. For buyers, softer prices and lower interest rates could present new opportunities heading into 2026. For sellers, increasing activity suggests more movement and competition in the market — a positive indicator after a quieter start to the year.
As BCREA’s report highlights, the coming months could mark a turning point for the province’s real estate landscape, setting the stage for a more balanced and active market ahead.
