BC Housing Market Shows Resilience Amid 2026 Challenges

MLS residential sales in BC are expected to decline 2.1% to 68,700 units in 2026, then rise 7.7% to 74,000 units in 2027. High active listings and new-home inventory contribute to a forecasted 1.4% drop in average price to $939,800 in 2026, mainly due to weakness in pricier Lower Mainland markets. Improved affordability and pent-up demand may support a market rebound with prolonged stability.