Home sales remain low but recovering slowly, says BCREA

With over two decades of consulting experience and a master’s in business, I keep a close eye on the housing trends that shape Greater Vancouver. In August, British Columbia’s residential home sales saw a 4.8% dip, totaling $5.2 billion, while the average price edged down 1% to $924,826. Sales volume fell by 5.5% to 46,069 homes. Here in Greater Vancouver, we experienced a 1.3% price decrease and a 3.6% drop in sales. While activity remains subdued, there are signs of gradual recovery—details that I always watch closely for clients and colleagues navigating this evolving market.