Market Activity Flounders Throughout the Province

The British Columbia Real Estate Association (BCREA) reports that 4,516 residential unit sales were recorded in Multiple Listing Service^® (MLS^®) Systems in February 2026, down 9.7 per cent from February 2025. The average MLS^® residential price in BC in February 2026 was down 2.9 per cent at $932,243 compared to $960,572 in February 2025.

 

Total MLS^® residential sales dollar volume was $4.21 billion, down 12.3 per cent from the same time the previous year. BC MLS^® unit sales were 32.87 per cent lower than the ten-year average for the month of February.

“Housing market activity continues to struggle, with sales declining from every region in the province compared to the same time last year,” said BCREA Chief Economist Brendon Ogmundson. “We hope that improved affordability conditions in most regions and stable rates will motivate prospective demand to enter the market and drive stronger sales activity over the rest of the year.”

 

Year-to-date, BC residential sales dollar volume is down 17.8 per cent to $7.3 billion, compared with the same period in 2025. Residential unit sales are down 15.8 per cent year-over-year at 7,832 units, while the average MLS^® residential price is also down 2.4 per cent to $929,323.