B.C. Home Sales Remain Resilient Amid Economic Challenges

Home sales in British Columbia are forecast to decline 2.1% to about 69,000 units this year, with prices expected to drop 1.4% to an average of $939,800. Increased new-home inventory and high active listings contribute to the price decline, especially in expensive Lower Mainland markets. A 7.7% sales rise is predicted next year, but market stability is needed before buyers return.