Real estate sales across B.C. off to a stronger start in January 2025

Real estate sales across British Columbia were up in January compared with the year before, but average prices went down slightly.

The B.C. Real Estate Association says in a statement that the 4,221 residential sales in January were up 6.4 per cent from January 2024, although unit sales were 12 per cent below the 10-year average.

The association’s chief economist Brendon Ogmundson says an increase in both sales and listings may foreshadow a stronger year, with a caution that global uncertainties might trigger higher or lower rates from the Bank of Canada.