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

In August, B.C. home sales saw a 4.7% dip compared to last year, landing at 5,653 transactions and an average price just under $925,000. While the numbers are showing signs of gradual recovery, they’re still sitting below the long-term averages. The Okanagan region experienced a notable 22% drop, while South Peace River sales climbed by nearly 35%. As someone who lives and works on the North Shore and has marketed properties across the lower mainland, I keep a close eye on these regional shifts. It’s important to understand how these broader trends can influence your local market decisions.