B.C. home sales slide 11 per cent in October as Lower Mainland struggles

VANCOUVER– British Columbia taped 5,670 home sales last month, a drop of practically 11 percent from October in 2015.

The B.C. Real Estate Association states in a declaration that the typical list price of a home in the province this October fell about 2.8 percent from about $977,000 in 2015 to simply except $950,000.

The current numbers followed the association launched its 4th quarter projection today, forecasting that B.C. home sales would move 4.5 percent this year from 2025 to about 67,000 systems.

Association chief financial expert Brendon Ogmundson points out installing market difficulties from rate of interest, slower migration, oil-price shock and U.S. trade stress, possibly adding to the decrease in the current regular monthly numbers.

Ogmundson states more-affordable locations of the province have actually been durable, with Kamloops seeing a 12 percent increase in home sales last month.

He states Metro Vancouver and the rest of the Lower Mainland continue to be obstructed by “worldwide headwinds and hawkish financial policy,” with Greater Vancouver sales falling 10 per cent to simply over 2,000 systems offered in October.

“Recoveries in more-expensive areas of the province depend on a retracing of rates and oil rates such that potential purchasers gain back self-confidence after a number of unstable quarters,” Ogmundson states in the declaration.

This report by The Canadian Press was very first released Nov. 12, 2026.