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

Home sales across B.C. saw another dip in August, with numbers down 4.7% from last year—totaling 5,653 sales and an average price just under $925,000. While the market is showing signs of gradual recovery, activity still sits below long-term averages. Notably, the Okanagan experienced a 22% drop, whereas South Peace River saw sales climb nearly 35%. As someone working with buyers and sellers throughout Greater Vancouver, Surrey, and beyond, I keep a close eye on these shifts to guide my clients with the latest insights.