Nov 12, 2026 5:15 PM - Connect Newsroom - Ramandeep Kaur
Home sales in British Columbia fell by more than 10 per cent in October, according to the latest figures released by the B.C. Real Estate Association (BCREA) on Thursday.
A total of 5,670 homes were sold across the province last month, marking an 11 per cent decline compared with the same month last year.
The report also showed that the average home sale price dropped by 2.8 per cent to approximately $950,000, down from $977,000 a year earlier.
BCREA Chief Economist Brendon Ogmundson said the housing market continues to face several challenges, although sales remain steady in more affordable communities. Home sales in Kamloops, for example, increased by 12 per cent.
In a recent report, the association forecast that total home sales across B.C. could decline by 4.5 per cent this year to approximately 67,000 units. However, it expects the housing market to regain momentum next year.
