BRITISH COLUMBIA – The British Columbia Real Estate Association (BCREA) released its 2025 Fourth Quarter Housing Forecast.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 2.7 per cent to 72,435 units this year. In 2026, MLS® residential sales are forecast to move higher, rising 12.8 per cent to 81,700 units.
“After lofty expectations heading into the year, both the 2025 economy and housing market have disappointed,” said BCREA Chief Economist Brendon Ogmundson. “However, with tariff uncertainty lingering but far less prominent, we expect a strong hand-off to 2026 as activity closes out 2025 on an upswing.”
With active listings running near what we consider a healthy long-term level – about 45,000 homes for sale across the province – markets are expected to be balanced in 2026, with limited price growth. We anticipate the average price in BC will rise roughly four per cent in 2026 to $995,600, up from $957,700 in 2025. This increase will largely reflect composition effects, as the sales recovery in higher-priced markets in the Lower Mainland catches up to the rest of the province.
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