‘Metro Vancouver is really lagging’: B.C. sees real estate gains in some areas: Report

Despite an uptick in home sales across the province, the market remains cool in Vancouver - here’s why that could be.

British Columbia’s real estate sales are picking up in some areas of the province.

New data from the British Columbia Real Estate Association (BCREA) found that there were 7,162 residential MLS sales recorded in June 2025, an increase of 1.3 per cent year over year.

Last month, the average MLS residential price in B.C. was down 4.2 per cent at $954,065 compared to $995,614 in June 2024, according to the BCREA.

The most substantial year-over-year increase was seen on Vancouver Island, with a jump of 18.8 per cent more sales, including Victoria, which saw 740 more homes sold.

Northern B.C. saw a jump of 11.7 per cent while the Okanagan and parts of the interior all experienced gains last month.

“Mostly markets on the island, markets in the interior have more or less gotten back to normal after a pretty slow start to the year,” said BCREA Chief Economist Brendon Ogmundson.

“But Metro Vancouver is really lagging.”

Ogmundson went on to say that a normal month in Greater Vancouver would typically see 3000 sales, but so far this month that number is at 2100.

The reason remains unclear, but Ogmundson believes the threat of United States tariffs is causing buyers to hit pause on their plan to enter the market due to their future finances being uncertain.

BCREA’s report also found that the sales dollar volume was $6.8 billion, which was a 3 per cent decrease from the same time the previous year.

Overall, the BC MLS unit sales were 23 per cent lower than the ten-year June average, according to the data.