Second-Half Recovery in 2025 Sets Up a Brighter 2026
Second-Half Recovery in 2025 Sets Up a Brighter 2026
BCREA 2025 Third Quarter Housing Forecast Update
Vancouver, BC – August 21, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 2.2 per cent to 72,840 units this year. In 2026, MLS® residential sales are forecast to move higher, rising 10.7 per cent to 80,600 units. “Trade-related uncertainty upended hopes for a more normal market through the first half of 2025,” said BCREA Chief Economist Brendon Ogmundson. “While provincial home sales remain weak overall, particularly in the Lower Mainland, many markets are now returning to long-run average sales activity and should head into 2026 with some momentum.” With slower sales over the past few years, provincial resale inventory has stabilized at just over 40,000 listings, a level not seen in over a decade. As a result, we expect regions with stronger demand to experience modest price growth, while weaker markets such as the Lower Mainland are expected to face downward pressure on prices. However, overall, we forecast largely flat average prices this year, with prices rising slightly in 2026 as markets balance out.
Second-Half Recovery in 2025 Sets Up a Brighter 2026
Notes: The Okanagan Mainline Real Estate Board (OMREB) amalgamated with the South Okanagan Real Estate Board (SOREB) on January 1, 2021, to form the Association of Interior REALTORS. In February 2022, the Association merged with the Kootenay and Kamloops real estate boards. *The former Northern Lights Board, which was merged with SOREB in 2011, will now be called the South Peach River Region and is part of the new Association of Interior REALTORS. About BCREA BCREA is the provincial association for BC REALTORS. As a champion for the real estate sector, BCREA advances REALTOR professionalism and ensures the REALTOR® voice is heard, for the benefit of consumers and communities, across BC. By working in collaboration with the province's real estate boards and associations, our mission is to provide professional development opportunities, advocacy, economic and policy research, and standard forms so REALTORS are trusted, respected, and proud of their profession. For detailed statistical information, contact your local real estate board or association. MLS is a cooperative marketing system used only by Canada's real estate boards and associations to ensure maximum exposure of properties listed for sale.
If you're navigating this dynamic market, whether buying or selling, let's talk strategy. Our team can guide you through the most efficient processes, aiming to save you time, money, and hassle. Contact us today, and let's make your real estate journey successful!
SOURCE: BCREA
