BC Housing Market Faces Multiple Headwinds in 2026

The British Columbia Real Estate Association (BCREA) released its 2026 Second Quarter Housing Forecast today.

Multiple Listing Service^® (MLS^®) residential sales in BC are forecast to fall 2.1 per cent to 68,700 units this year. In 2027, MLS^® residential sales are forecast to move higher, rising 7.7 per cent to 74,000 units.

“The housing market continues to be challenged by persistent global headwinds and a struggling economy,” said BCREA Chief Economist Brendon Ogmundson. “However, improved affordability in many markets combined with several years of pent-up demand creates conditions for a rebound, though households will likely need a prolonged period of stability to re-enter the market.”

With active listings at their highest level since 2015, and additional pressure from elevated new-home inventory, we anticipate the average price in BC will fall by 1.4 per cent in 2026 to $939,800, down from $952,930 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.