BC Real Estate Market Update: What the Latest BCREA Statistics Say (November 2025)

There’s a specific “feel” to a market shift in British Columbia.

It’s not always dramatic. Sometimes it’s quieter—fewer bidding wars, more thinking time, and a lot more families asking the same question at the kitchen table:

“Is this a smart moment to make a move… or should we wait?”

The newest BCREA statistics for November 2025 give us a clear snapshot of where BC is right now: more choices for buyers, steadier conditions for planners, and a market that rewards strategy (not panic). British Columbia Real Estate Association

November 2025 Snapshot: BC Sales, Prices, and Inventory

Let’s ground this update in the numbers BCREA reported for November 2025:

• BC home sales: 5,052 residential sales (down 13.3% vs. Nov 2024) British Columbia Real Estate Association

• Average residential price: $965,914 (down 1.4% year-over-year) British Columbia Real Estate Association

• Active listings (inventory): 38,895 (up 9.1% year-over-year) British Columbia Real Estate Association

• Sales-to-active listings ratio: 13.0% (down from 16.3% last year) British Columbia Real Estate Association

What that means in plain English:
Inventory rose, sales cooled, and the market leaned more balanced than it was a year ago—especially heading into the holidays. British Columbia Real Estate Association

Where Things Are Shifting: Regional Highlights

BC isn’t one market—it’s many. Here are a few regional signals from the same BCREA release:

Fraser Valley

• Sales: 892 (down 16.8%)

• Active listings: 7,709 (up 13.5%)

• Average price: $1,022,206 (down 1.0%) British Columbia Real Estate Association

Greater Vancouver

• Sales: 1,846 (down 15.1%)

• Active listings: 15,149 (up 14.4%)

• Average price: $1,235,575 (down 3.4%) British Columbia Real Estate Association

Victoria

• Sales: 423 (down 20.6%)

• Active listings: 2,403 (up 10.2%)

• Average price: $994,848 (up 5.5%) British Columbia Real Estate Association

Okanagan (Association of Interior REALTORS®)

• Sales: 546 (down 8.1%)

• Active listings: 5,023 (down 1.4%)

• Average price: $763,517 (up 6.9%) British Columbia Real Estate Association

Why More Inventory Matters (A Lot)

When active listings rise, buyers usually notice it first:

• more homes to compare

• more room to negotiate (depending on the area + property type)

• less pressure to “take it or lose it”

For sellers, rising inventory doesn’t mean “don’t list.” It means list with a plan:

• price based on today’s competition (not last year’s peak)

• prep like you’re launching a product

• market to the right buyer (not “everyone”)

What This Means If You’re Buying in BC

If you’re a buyer (first-time, move-up, downsizer), this is the kind of market where preparation pays you back.

A few smart moves right now:

• get fully pre-approved (not “pre-qualified”)

• watch days on market and price reductions in your target area

• focus on homes that fit your lifestyle and your long-term resale

What This Means If You’re Selling in BC

File name: sell-your-home-bc-market-strategy-2025.jpg
Alt text: “Selling a home in BC in 2025 requires pricing and presentation strategy”

In a market with more listings, the winners tend to be:

• well-priced

• well-presented

• well-marketed

If you’re thinking, “Should we list now or wait until spring?”—that depends on your neighborhood, competition, and your timeline. But the data shows buyers are still buying—just more carefully. British Columbia Real Estate Association

Looking Ahead: What BCREA Is Forecasting

BCREA’s broader outlook suggests 2025 finishes softer than originally hoped, with sales projected around 72,435 units in 2025 and a rebound forecast for 2026 (to 81,700). British Columbia Real Estate Association

FAQ 

Are BC home prices dropping right now?

Province-wide, BCREA reported the average price down 1.4% year-over-year in November 2025. British Columbia Real Estate Association

Is BC becoming a buyer’s market?

Province-wide conditions look more balanced than last year, with inventory up and the sales-to-active listings ratio down to 13.0%. British Columbia Real Estate Association

Is now a good time to buy a home in BC?

It can be—especially if you value selection and negotiation room. The “right time” still depends on your area, budget, and timeline.

Want the Numbers for Your Neighborhood?

BC-wide stats are helpful—but real decisions get made at the neighborhood level.

Curious what these trends mean for your street—not just your province? Message me for a quick, no-pressure home value + market timing breakdown based on your neighborhood and your goals.