B.C. home sales weighed down by Lower Mainland, fall almost 7 per cent in July
- Posted on August 13, 2026
- By The Toronto Star
- 3 Views
- 1 min read
In brief
British Columbia's real estate market experiences a significant downturn as July data reveals a 7% decline in home sales transactions. The Lower Mainland region's sluggish performance is the primary driver behind this contraction, with both sales volume and property valuations showing weakness. Market analysts attribute this slowdown to rising interest rates and reduced buyer purchasing power, creating headwinds across the province's residential sector and signaling potential challenges ahead for the broader housing economy.
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B.C. home sales weighed down by Lower Mainland, fall almost 7 per cent in July
VANCOUVER - A weak market in the Lower Mainland is weighing on homes sales in British Columbia, with both transactions and average prices falling in July.
