B.C. home sales still stagnant amid economic uncertainty 10 months after Trump’s inauguration

Real estate numbers in November 2025 in the province lower than 2024, 25 per cent lower than 10-year average

Residential real estate sales across British Columbia continue to stagnate at 25 per cent below the 10-year average.

From Fort St. John to Victoria to Nelson to Vancouver, the economic uncertainty spurred by what some call “the Trump effect” continues to contribute to increased prices of many products for consumers as well as hesitancy at the curb.

There were 5,052 residential sales in November 2025, down 13.3 per cent from November 2024. The total dollar volume of sales was $4.9 billion, down 14.5 per cent from a year ago.

In the Lower Mainland, the Chilliwack and District Real Estate Board (CADREB) was down at the provincial average of 14.5 per cent with the Greater Vancouver Real Estate Board (GVREB) and the Fraser Valley Real Estate Board (FVREB) down 15.1 per cent and 16.8 per cent respectively.

“Market activity cooled throughout the province in November, with sales in every region falling short of historical averages,” B.C. Real Estate Association (BCREA) chief economist Brendon Ogmundson said in a news release. 

“While broader headwinds continue to linger, we hope stable rates and fading trade uncertainty with the U.S. will stimulate sales moving into 2026.” 

While that economic uncertainty may be spurred primarily by President Donald Trump’s tariffs, political meddling, and other erratic behaviour, the long-term trend shows numbers down even more than year-over-year, something that can’t be entirely blamed on one off-kilter U.S. leader.

That 25 per cent drop in sales in November 2025 compared to the 10-year average for November is provincewide. In the GVREB area it matches 25 per cent, while in the CADREB area it’s down 31 per cent and in FVREB, 33 per cent.

To break it down, the 10-year average for November sales in the large Vancouver board area is 2,472. Last month there were 1,846 sales.

In the Fraser Valley, the 10-year average is 1,340 for November. Last month there were 892. And in the small Chilliwack board area, the 10-year average for November is 238 residential home sales with just 165 selling last month.

Prices

While sales are dropping and have been for more than 12 months, it’s not having much of an impact on prices. 

The average sale price of all homes in British Columbia in November 2025 was $965,914, a number that sounds high because it is so skewed by the massive and most expensive GVREB area followed by the also large and high-priced Fraser Valley.

That number was a 1.4 per cent drop from November 2024.

The average price of all homes sold in Greater Vancouver last month was $1,235,575, down 3.4 per cent.

In Fraser Valley it was $1,022,206 down one per cent.

And in Chilliwack it was $784,715, which is up 2.3 per cent. 

Victoria’s average selling price of all homes was $994,848 up 3.5 per cent. In Kamloops it was $610,906 up 5.3 per cent and in the Okanagan board area it was $763,517, up 6.9 per cent.

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Paul J. Henderson
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