BCREA: Market activity shows encouraging signs of improvement

THE British Columbia Real Estate Association (BCREA) reports that 7,225 residential unit sales were recorded in Multiple Listing Service (MLS) Systems in June 2026, up 0.9 per cent from June 2025.

The average MLS residential price in BC in June 2026 was down 0.8 per cent at $946,878 compared to $954,712 in June 2025.

Total MLS residential sales dollar volume was $6.84 billion, up 0.1 per cent from the same time the previous year. BC MLS unit sales were 18.4 per cent lower than the 10-year average for the month of June.

“Sales rose year-over-year in June for the first time since September 2025, driven by stronger activity in the Greater Vancouver area,” said BCREA Chief Economist Brendon Ogmundson on Monday. “We hope this marks the beginning of a stronger second half of the year across BC housing markets as sales converge to more normal levels following several years of unexpected global shocks.”

Year-to-date, BC residential sales dollar volume is down 6.4 per cent to $31.96 billion, compared with the same period in 2025. Residential unit sales are down 5.4 per cent year-over-year at 33,886 units, while the average MLS residential price is also down 1.1 per cent to $943,249.