B.C. Home Market Shows Signs of Gradual Recovery in August

British Columbia home sales fell 4.7% year-over-year in August, with 5,653 residential sales and the average home price dropping to just under $925,000. Sales have been gradually recovering since January but remain below long-term averages. The Okanagan region saw a 22% decline, while the South Peace River region experienced a nearly 35% increase. Concerns remain over U.S. tariffs and rising long-term interest rates.