Vancouver, BC – April 27, 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% to 68,700 units this year. In 2027, MLS® residential sales are forecast to move higher, rising 7.7% 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%t 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.

Click here to view the BCREA Housing Forecast PDF.

BCREA 2026 Second Quarter Housing Forecast : BC Housing Market Faces Multiple Headwinds in 2026 by Amit Sidhu | Economist & Brendon Ogmundson | Chief Economist | BCREA