Claire Wilson / Business in Vancouver – Aug 10, 2023 / 11:16 am | Story: 441043 Home sales are up roughly 26 per cent when compared to July 2022, according to the British Columbia Real Estate Association An earlier flurry of activity in B.C.’s housing market is cooling off following two Bank of Canada rate hikes in June and July. This represents an increase of 25.9 per cent over July 2022 and a decrease of 20.6 per cent from the 8,740 units sold in June 2023, according to the British Columbia Real Estate Association (BCREA). The average residential home price in the province increased by 5.6 per cent to $967,948 last month, when compared to the same time last year.