BC Homebuyers Poised for Opportunities Amid Market Pause

British Columbia's housing market remained weak in March, with 5,766 MLS residential sales, down 3.6% year over year and over a third below the 10-year March average. The average price fell 2% to $939,846, reducing dollar volume by 5.6% to $4.21 billion. Sales declined across all regions, with prices dropping in major areas but rising modestly in more affordable regions. Economic uncertainty and rising mortgage rates continue to hinder recovery, with a gradual market rebound expected in 2026.