Article Summary
The British Columbia Real Estate Association (BCREA) forecasts a 1.1% decline in MLS® residential sales across British Columbia in 2025, driven by economic uncertainty and buyer hesitancy. However, 2026 is expected to bring an 8.8% rebound in sales, reaching approximately 80,150 units, as trade tensions ease and confidence returns. Inventory levels are projected to rise above 40,000 units, exerting mild downward pressure on prices, which are expected to dip by 0.9% in 2025 before rebounding by 3.2% in 2026. Regional variations highlight distinct trends, with Greater Vancouver and Vancouver Island experiencing modest declines, while Victoria and the Okanagan show resilience.
What This Means for You
- Buyers: Take advantage of increased inventory and softer prices in 2025, particularly in regions like Greater Vancouver and Vancouver Island.
- Sellers: Prepare for a competitive market in 2026 by enhancing property appeal and pricing strategically in 2025.
- Investors: Focus on regions like Victoria and the Okanagan for potential long-term gains as these markets show signs of stability and growth.
- Future Outlook: Monitor economic developments and trade tensions, as these factors will significantly influence market momentum in 2026.
People Also Ask About
- Will housing prices drop in BC in 2025? Average MLS® prices are expected to decline slightly by 0.9% in 2025 before recovering in 2026.
- Which BC region will see the most growth in 2026? Greater Vancouver and the Fraser Valley are projected to experience the strongest rebound in sales.
- Should I buy a home in 2025 or wait until 2026? If affordability is a priority, 2025 may offer better opportunities, but 2026 could see stronger market confidence.
- How will inventory levels affect the BC housing market? Increased inventory in 2025 will provide more options for buyers, potentially stabilizing prices.
- What is driving the projected rebound in 2026? The easing of trade tensions and renewed buyer confidence are key factors.
Expert Opinion
According to industry experts, the projected dip in 2025 reflects a temporary market adjustment rather than a long-term trend. The anticipated rebound in 2026 underscores the resilience of BC’s housing market, driven by pent-up demand and improving economic conditions. Buyers and sellers should view 2025 as a strategic window to capitalize on favorable conditions before the market gains momentum in 2026.
Key Terms
- BC housing market forecast 2025-2026
- MLS® sales decline in British Columbia
- BCREA real estate predictions
- Greater Vancouver housing market trends
- Okanagan real estate price forecast
- Vancouver Island housing market analysis
- Victoria BC real estate growth 2026
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