The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2% from the same month last year.

The average MLS® residential price in the province was $665,590, a decline of 7.7% from January 2018. Total sales dollar volume was $2.36 billion, a 38.4% decline from the same month last year. “BC households continue to grapple with the policy-induced...