Vancouver, BC – March 12, 2026. 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% from February 2025. The average MLS® residential price in BC in February 2026 was down 2.9% at $932,243 compared to $960,572 in February 2025.

Total MLS® residential sales dollar volume was $4.21 billion, down 12.3% from the same time the previous year. BC MLS® unit sales were 32.87% 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% to $7.3 billion, compared with the same period in 2025. Residential unit sales are down 15.8% year-over-year at 7,832 units, while the average MLS® residential price is also down 2.4% to $929,323.

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

Market Activity Flounders Throughout The Province by Brendon Ogmundson | Chief Economist | BCREA