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

Summary

• British Columbia recorded 5,670 home sales last month, representing an 11 per cent drop from October 2025.
• The average home sale price in the province fell 2.8 per cent to just under $950,000 from last year's $977,000.
• The B.C. Real Estate Association projects a 4.5 per cent decline in annual home sales from 2025 to about 67,000 units this year.
• Key market challenges cited include high interest rates, slower immigration, oil-price shocks, & U.S. trade tensions.
• Kamloops showed resilience with a 12 per cent increase in home sales last month.
• Greater Vancouver sales dropped 10 per cent to over 2,000 units due to global headwinds & tight monetary policy.
• Recoveries in expensive regions depend on declining interest rates & oil prices to restore buyer confidence.