Real Estate: More apartments than townhouses sold in Chilliwack last month for second time ever
Realtors were hopeful of momentum shift in July – It hasn't happened yet
There were more sales of apartments in the Chilliwack and District Real Estate Board (CADREB) area in August 2025 than townhouses for the first time since 2021 and only the second time for August on record.
The sales numbers in CADREB are statistically small, but 46 apartments were sold last month for an average sale price of $413,000 compared to just 36 townhouses for an average of $609,000. That's the fewest number of townhouses sold in the real estate board area in August since 2012.
The Chilliwack and District Real Estate Board covers Chilliwack, Agassiz, Harrison Hot Springs, Cultus Lake, Hope, and the regional district areas in between.
Total sales last month were down 14.5 per cent over August 2024, 51.3 per cent down from August 2020, and 33.1 per cent from August 2015.
There were 96 single family home sales last month for an average price of $887,170. That number of house sales is similarly down on the 10-year average,
Overall August 2025 sales numbers were low in Chilliwack at 194 homes sold down from 2024, but up slightly over August 2023 and up 34.7 per cent over August 2022.
It's not surprising that the market is as cold as it is in the face of global financial uncertainty prompted by erratic U.S. economic policy. A month ago, however, CADREB was painting a rosy picture forecasting a housing market getting past the Trump tariff tumult.
“Housing markets across B.C. continue to build momentum through the summer, with all regions apart from the Lower Mainland boasting higher sales activity from the previous year,” said BCREA chief economist Brendon Ogmundson in the association's monthly news release for July 2025.
“With a stable trajectory for monetary policy, we expect sales in the province will continue to improve as tariff uncertainties fade.”
Notwithstanding the poor August numbers, maybe momentum is moving in the right direction.
With several bumps along the road, the average selling price of all homes has steadily risen from 2015 to 2025, with a particular spike in 2022 in the heart of the pandemic.
That being from a hard-to-remember average selling prince of $337,000 in August 2015 compared to $734,000 in August 2025.
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Paul J. Henderson
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