{"id":27149,"date":"2026-02-02T10:10:52","date_gmt":"2026-02-02T18:10:52","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27149"},"modified":"2026-02-02T06:43:14","modified_gmt":"2026-02-02T14:43:14","slug":"bcrea-q1-2026-housing-forecast-a-slow-return-to-normal-with-mortgage-rates-expected-to-remain-steady-pent-up-demand","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/02\/bcrea-q1-2026-housing-forecast-a-slow-return-to-normal-with-mortgage-rates-expected-to-remain-steady-pent-up-demand\/","title":{"rendered":"BCREA Q1-2026 Housing Forecast : A Slow Return to Normal with Mortgage Rates Expected to Remain Steady &#038; Pent-Up Demand"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 January 28, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 First Quarter Housing Forecast Update today.<\/p>\n<p style=\"text-align: justify;\">Multiple Listing Service\u00ae (MLS\u00ae) residential sales in BC are forecast to rise 12% to 78,690 units this year. In 2027, MLS\u00ae residential sales are forecast to move higher, rising 4.8% to 82,450 units.<\/p>\n<p style=\"text-align: justify;\">\u201cDespite some resilience against global uncertainty, both the economy and housing market struggled through 2025,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cHowever, with mortgage rates expected to remain steady and significant pent-up demand following over two years of below-average activity, we expect demand to steadily come off the sidelines to strengthen home sales this year.\u201d<\/p>\n<p>With inventory running near its highest level in over a decade \u2013 just over 40,000 homes for sale across the province \u2013 price growth should be tempered as markets are expected to remain balanced in 2026. We anticipate the average price in BC will rise roughly three per cent in 2026 to $982,800, up from $953,314 in 2025. This increase will largely reflect composition effects, as the sales recovery in higher-priced markets in the Lower Mainland catches up to the rest of the province.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2026-01-housing-forecast-update-news-release.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/housing-forecast_\/\" target=\"_blank\" rel=\"noopener\">BCREA 2026 First Quarter Housing Forecast Update &#8211; BC Housing Market Poised for A Modest Rebound in 2026<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 January 28, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 First Quarter Housing Forecast Update today. Multiple Listing Service\u00ae (MLS\u00ae) residential sales in BC &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/02\/bcrea-q1-2026-housing-forecast-a-slow-return-to-normal-with-mortgage-rates-expected-to-remain-steady-pent-up-demand\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27149","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Q1-2026 Housing Forecast : A Slow Return to Normal with Mortgage Rates Expected to Remain Steady &amp; Pent-Up Demand &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/02\/bcrea-q1-2026-housing-forecast-a-slow-return-to-normal-with-mortgage-rates-expected-to-remain-steady-pent-up-demand\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Q1-2026 Housing Forecast : A Slow Return to Normal with Mortgage Rates Expected to Remain Steady &amp; Pent-Up Demand &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 January 28, 2026. 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