The British Columbia Real Estate Association (BCREA) released its 2026 Fourth Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 4.5 per cent to 67,025 units this year. In 2027, MLS® residential sales are forecast to move higher, rising 7.2 per cent to 71,840 units.
“British Columbia’s housing market continues to face a challenging economic environment, as mounting headwinds fuel hesitancy among prospective buyers,” said BCREA Chief Economist Brendon Ogmundson. “Ultimately, we expect a modest recovery in home sales in 2027 as the impacts of new United States tariffs fade and fixed mortgage rates decline.”
With active listings near their highest level since 2015, and additional pressure from elevated new-home inventory, we anticipate the average price in BC will fall by 1.2 per cent in 2026 to $941,200, down from $952,719 in 2025. This decrease largely reflects disproportionate weakness in more expensive markets in the Lower Mainland, casting downward pressure on the broader provincial average price.
Copyright British Columbia Real Estate Association. Reprinted with permission
