{"id":27645,"date":"2026-05-01T10:10:29","date_gmt":"2026-05-01T17:10:29","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27645"},"modified":"2026-04-30T15:10:43","modified_gmt":"2026-04-30T22:10:43","slug":"bcrea-housing-market-forecast-q2-2026-improved-affordability-combined-with-years-of-pent-up-demand-creates-a-rebound-conditions","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/05\/bcrea-housing-market-forecast-q2-2026-improved-affordability-combined-with-years-of-pent-up-demand-creates-a-rebound-conditions\/","title":{"rendered":"BCREA Housing Market Forecast Q2-2026 &#8211; Improved Affordability Combined with Years of Pent-Up Demand Creates A Rebound Conditions"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 April 27, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 Second Quarter Housing Forecast today.<\/p>\n<p style=\"text-align: justify;\">Multiple Listing Service\u00ae (MLS\u00ae) residential sales in BC are forecast to fall 2.1% to 68,700 units this year. In 2027, MLS\u00ae residential sales are forecast to move higher, rising 7.7% to 74,000 units.<\/p>\n<p style=\"text-align: justify;\">\u201cThe housing market continues to be challenged by persistent global headwinds and a struggling economy,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cHowever, 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.\u201d<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2026-04-27-housing-forecast.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the BCREA Housing Forecast PDF.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/housing-forecast\/\" target=\"_blank\" rel=\"noopener\">BCREA 2026 Second Quarter Housing Forecast : BC Housing Market Faces Multiple Headwinds in 2026<\/a> by Amit Sidhu | Economist &amp; Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 April 27, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 Second Quarter Housing Forecast today. Multiple Listing Service\u00ae (MLS\u00ae) residential sales in BC are &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/05\/bcrea-housing-market-forecast-q2-2026-improved-affordability-combined-with-years-of-pent-up-demand-creates-a-rebound-conditions\/\">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-27645","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 Housing Market Forecast Q2-2026 - Improved Affordability Combined with Years of Pent-Up Demand Creates A Rebound Conditions &#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\/05\/bcrea-housing-market-forecast-q2-2026-improved-affordability-combined-with-years-of-pent-up-demand-creates-a-rebound-conditions\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Market Forecast Q2-2026 - Improved Affordability Combined with Years of Pent-Up Demand Creates A Rebound Conditions &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 April 27, 2026. 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