Vancouver, BC – April 30, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 1.1% to 73,650 units this year. In 2026, MLS® residential sales are forecast to move slightly higher, rising 8.8% to 80,150 units.

“Hopes for a return to normalcy in the BC housing market were swiftly dashed this year, upended by a pointless and mutually destructive trade war,” said BCREA Chief Economist Brendon Ogmundson. “While there is significant pent-up demand in the market, uncertainty about the direction of the economy is holding that demand back.”

With slower sales, provincial resale inventory is likely to average above 40,000 listings for the first time in over a decade. As a result, we expect average prices in some regions or market segments to face some downward pressure. Overall, however, we forecast largely flat average prices as sellers wait out the current environment.

Click here for the complete news release, including detailed statistics.

BCREA Second Quarter Housing Forecast : Pent-Up Demand Builds as Tariff Uncertainty Drives Buyers to The Sideline by Brendon Ogmundson | Chief Economist | BCREA