The British Columbia housing market experienced a notable slowdown in November 2025, with sales volume and prices declining compared to the previous year. This cooling trend, observed across all regions of the province, falls below historical averages for the month, signaling a weaker start to the holiday season for real estate activity.
Key Takeaways
- Residential unit sales in BC dropped by 13.3% in November 2025 compared to November 2024.
- The average MLS® residential price saw a 1.4% decrease year-over-year.
- Total sales dollar volume declined by 14.5%.
- Unit sales were 24.9% below the ten-year average for November.
November Sales Data
In November 2025, the Multiple Listing Service® (MLS®) Systems in British Columbia recorded 5,052 residential unit sales. This figure represents a significant decrease of 13.3 percent when compared to the same month in 2024. The average MLS® residential price also experienced a dip, standing at $965,914 in November 2025, a 1.4 percent reduction from the $979,774 recorded in November 2024. Consequently, the total MLS® residential sales dollar volume amounted to $4.9 billion, marking a 14.5 percent decline from the previous year.
Broader Market Trends
BC MLS® unit sales in November were 24.9 percent lower than the ten-year average for the month. Brendon Ogmundson, Chief Economist at the British Columbia Real Estate Association (BCREA), commented on the situation, stating, "Market activity cooled throughout the province in November, with sales in every region falling short of historical averages." He expressed optimism that stable interest rates and reduced trade uncertainty with the United States could help stimulate sales moving into 2026.
Year-to-Date Performance
Looking at the year-to-date figures, BC residential sales dollar volume has decreased by 8.1 percent to $62.9 billion when compared to the same period in 2024. Residential unit sales are down 5.6 percent year-over-year, totaling 65,997 units. The average MLS® residential price also shows a downward trend, with a 2.7 percent decrease to $953,306 for the year so far.
