Vancouver, BC – August 21, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 2.2% to 72,840 units this year. In 2026, MLS® residential sales are forecast to move higher, rising 10.7% to 80,600 units.

“Trade-related uncertainty upended hopes for a more normal market through the first half of 2025,” said BCREA Chief Economist Brendon Ogmundson. “While provincial home sales remain weak overall, particularly in the Lower Mainland, many markets are now returning to long-run average sales activity and should head into 2026 with some momentum.”

With slower sales over the past few years, provincial resale inventory has stabilized at just over 40,000 listings, a level not seen in over a decade. As a result, we expect regions with stronger demand to experience modest price growth, while weaker markets such as the Lower Mainland are expected to face downward pressure on prices. However, overall, we forecast largely flat average prices this year, with prices rising slightly in 2026 as markets balance out.

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

BCREA 2025 Third Quarter Housing Forecast Update – Second-Half Recovery in 2025 Sets Up A Brighter 2026 by Brendon Ogmundson | Chief Economist | BCREA