US EditionB.C. home sales expecting 2.1 per cent slide in 2026 as economic challenges mount
- On Monday, The British Columbia Real Estate Association released its 2026 Second Quarter Housing Forecast, predicting residential home sales will drop to about 69,000 units this year.
- For three years, economic conditions in British Columbia have been shaped by a succession of shocks, including pandemic-era inflation, volatile United States tariffs, and rising energy costs from the Middle East conflict.
- Average home prices in British Columbia are expected to slide about 1.4 per cent to $939,800, with the group noting 'disproportionate weakness' in expensive Lower Mainland real estate markets.
- Population growth in British Columbia has declined following reductions of non-permanent residents, further softening the market as households remain hesitant to make major life decisions amid uncertain economic conditions.
- Association chief economist Brendon Ogmundson predicts the market will pick up in 2027 by 7.7 per cent, though he notes 'households will likely need a prolonged period of stability' before buyers re-enter the market.
13 Articles
13 Articles
'Vibes are bad': B.C. home sales expected to keep dropping
B.C. real estate sales are expected to keep dropping in 2026, due to a stagnant economy and the conflict in the Middle East driving energy costs higher. The British Columbia Real Estate Association (BCREA) released its 2026 Second Quarter Housing Forecast, where it predicted that residential home sales in B.C. will decline by 2.1 per cent this year. This follows a subdued year for home sales in 2025, where Metro Vancouver home sales were the low…
The Toronto Star
B.C. home sales expecting 2.1 per cent slide in 2026 as economic challenges mount
VANCOUVER - Home sales in British Columbia are forecast to fall 2.1 per cent this year as economic challenges push volume and prices lower across the province.
B.C. home sales expecting 2.1% slide in 2026 as economic challenges mount
Home sales in British Columbia are forecast to fall 2.1% this year as economic challenges push volume and prices lower across the province. The B.C. Real Estate Association says in its second quarterly housing forecast that residential unit sales will likely drop to about 69,000 homes this year. Prices are also expected to slide, by …
British Columbia's population is projected to decline by more than 41,000 by 2025, marking only the second time in the province's history that it has experienced an annual population decrease. This data comes from a recent real estate market report released by Vancouver-based real estate and marketing company Rennie. The report states that this population decline is directly related to changes in immigration policy and a cooling housing market, …
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