BC Real Estate Association Housing Market Update for June 2025

The latest data from the BC Real Estate Association’s June 2025 report reveals significant shifts in market activity, pricing, and inventory levels across the province. Curious about what’s really happening in BC’s housing market —here’s a quick summary of the numbers and trends you may be interested in.


Economic uncertainty continues to slow activity in BC housing markets, with effects particularly pronounced in more expensive areas of the province. Home sales across the province totaled 6,945 units, a 13.5% decrease compared to the same period last year and approximately 26% below the 10-year average for May. Active listings increased by 18.5% in May to a more than 10-year high, reaching just under 47,000 total listings. On a seasonally adjusted basis, inventory has been trending at just under 45,000 listings for several months, maintaining a level of inventory consistent with the long-term balance in the housing market. Provincial market conditions continued to trend near the bottom of the balanced market range in May. The provincial sales-to-active-listings ratio was 14.8%. The market in the Lower Mainland and Okanagan appears to be lagging behind the rest of the province, with much softer conditions and likely buyer's markets in some areas and segments. The average price in BC was down 4.2% year-over-year at $960,000. Prices declined slightly more in the Lower Mainland, where inventory has been accumulating and sales are slowing more dramatically than in other parts of BC. Similar to average prices, the Home Price Index (HPI) shows a mixed performance across the province, with decreases of 2.9% in Greater Vancouver, 4.3% in Fraser Valley, and an increase of 2.1% in the Victoria area. Additionally, the HPI rose by 3.8% in the Vancouver Island area, increased by 1.2% in the interior, and grew by 1.4% in Chilliwack.