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 10-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 on Monday. “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.
