Housing market stabilizing in BC, despite sales declining

Vancouver, Vancouver Island, Kelowna

2022/09/22

The avg residential price in BC was $918.4K in August, ↑ 2.1% yearly. 5,645 residential housing sales were recorded in BC, ↓ 40.8% yearly. Total sales dollar volume was $5.2B, ↓ 39.6% yearly. Housing activity across the province remains well below normal but is showing signs of stabilizing, according to experts.