The British Columbia real estate market is experiencing a recovery, though the pace varies significantly across different regions. December 2025 saw a dip in sales and prices compared to the previous year, with the Lower Mainland being a key area of weakness. However, economists are optimistic that stable mortgage rates and reduced trade uncertainty could bolster demand and lead to a more widespread market rebound.
Key Takeaways
- December 2025 saw a 5.9% decrease in residential unit sales compared to December 2024.
- The average MLS® residential price in BC dropped by 5.6% in December 2025.
- Total MLS® residential sales dollar volume declined by 14.5% year-over-year.
- Weakness was primarily concentrated in the Lower Mainland.
- Future recovery is anticipated due to steady mortgage rates and fading US trade uncertainty.
December 2025 Market Performance
In December 2025, British Columbia recorded 4,271 residential unit sales through Multiple Listing Service® (MLS®) Systems. This figure represents a 5.9 percent decrease from the same month in 2024. The average MLS® residential price also saw a decline, standing at $952,061 in December 2025, a 5.6 percent drop from the $1,008,513 recorded in December 2024.
Furthermore, the total MLS® residential sales dollar volume for December 2025 was $4.1 billion, marking a 14.5 percent decrease compared to the previous year. Unit sales across BC's MLS® systems were also notably lower, falling 18.5 percent below the ten-year average for December.
Regional Disparities and Future Outlook
Brendon Ogmundson, Chief Economist at BCREA, highlighted that the provincial market's sluggish activity was largely concentrated in the Lower Mainland during 2025. He noted that sales across the province are recovering at different rates, influenced by past tariff uncertainties. Looking ahead, Ogmundson expressed hope that consistent mortgage rates and the resolution of trade uncertainties with the United States will stimulate demand, paving the way for a more robust recovery in the housing market.
Year-to-Date Trends
Year-to-date figures for BC's residential market indicate a broader trend of decline. The total residential sales dollar volume is down 8.3 percent to $67 billion when compared to the same period in 2024. Residential unit sales have decreased by 5.6 percent year-over-year, totaling 70,255 units. The average MLS® residential price also reflects this trend, showing a 2.9 percent decrease to $953,345.
