Recently released statistics offer an encouraging yet modest look at the real estate market in British Columbia. Because of the time it takes to collect and assess the data, “recently” sometimes refers to the month of May.
According to the British Columbia Real Estate Association, sales were down by just 0.4 per cent in May compared to April but up 
7.1 per cent compared to May 2024. In Vancouver, the trend was similar — sales down 1.1 per cent compared to April and up 9.0 per cent compared to May 2024.
7.1 per cent compared to May 2024. In Vancouver, the trend was similar — sales down 1.1 per cent compared to April and up 9.0 per cent compared to May 2024.Elsewhere, statistics released by the Canada Mortgage and Housing Corporation found that Vancouver posted a 74 per cent year-over-year jump in housing starts in June, boosted by a 97 per cent increase in multi-unit starts. This is a reversal of a mixed-bag trend through the first five months of the year: up 37 per cent in January, down 48 per cent in February and 59 per cent in March, up 6 per cent in April and down 10 per cent in May. All are compared to the same months in 2024.
And the Canadian Real Estate Association contributed this optimistic projection from Chair Valerie Paquin:
“If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall.”