BCREA 2026 First Quarter Housing Forecast Update

Vancouver, BC – January 28, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 First Quarter Housing Forecast Update today.

Multiple Listing Service^® (MLS^®) residential sales in BC are forecast to rise 12 per cent to 78,690 units this year. In 2027, MLS^® residential sales are forecast to move higher, rising 4.8 per cent to 82,450 units.

“Despite some resilience against global uncertainty, both the economy and housing market struggled through 2025,” said BCREA Chief Economist Brendon Ogmundson. “However, 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.”

With inventory running near its highest level in over a decade – just over 40,000 homes for sale across the province – 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.