B.C. housing market “continues to struggle,” says real estate group
British Columbia’s housing market is in a deep slump, with the B.C. Real Estate Association confirming sales are down across the entire province.
British Columbia’s housing market is in a deep slump, with the B.C. Real Estate Association confirming sales are down across the entire province.
In February, just over 4,500 residential units sold provincewide, a nearly 10 per cent drop compared to the same time last year.
“Housing market activity continues to struggle, with sales declining from every region in the province compared to the same time last year,” said BCREA Chief Economist Brendon Ogmundson on Thursday.
B.C. residential sales dollar volume is down 17.8 per cent to $7.3 billion year-to-date compared with the same period in 2025, according to a BCREA report.
Residential unit sales also fell 15.8 per cent year-over-year to 7,832 units, while the average Multiple Listing Service residential price dropped 2.4 per cent to $929,323.
Powell River saw the largest drop in sales, falling 35 per cent compared to the same time last year.
Chilliwack followed closely, experiencing a nearly 35 per cent drop over the same period, followed by the Kootenays at 29 per cent.
Meanwhile, Greater Vancouver experienced just over 1,600 unit sales last month, marking an almost 9 per cent drop from last year.
“We hope that improved affordability conditions in most regions and stable rates will motivate prospective demand to enter the market and drive stronger sales activity over the rest of the year,” said Ogmundson.
Improved affordability conditions.
Get serious it's the government backed land claims given to the chiefs.
Who would anyone buy real estate in BC that you legally don't own.
And you got the Eby NDP to thank.
I believe that the BC housing market is just at the beginning of and will culminate into a complete real estate collapse. Eventually no one in BC will be able to sell a home of which could potentially be subject to the UNDRIP extremist expropriation process. Premier EBY has literally embarked upon the destruction of the BC housing industry and as such the BC economy. In time, we will witness a huge exodus of citizens leaving BC for Alberta or other destinations after the fortunate home owners are even able to sell their homes.....Property in BC is not gauranteed nor will it be recognizable in the future......The vast swaths of "unceded" land in BC will be the downfall and destruction of the BC economy and any future prosperity in that province. It should now be apparent to everyone who is paying attention, just why for the last years, there has been such a radical shift and agenda for "land acknowledgments" in every public, sporting, civil and provincial ceremony or like public event. It was to brainwash and psychologicaly instill and program minds of the eventual transfer of land to indigenous people who will then use that to excersise their extraordinary privledges from the non-aboriginal populations and use that power to create their own political and financial power structure...This is the beginning of race based societies and apartheid in kanada......