As we step into 2026, the British Columbia housing market is shaping up to be significantly different than the headlines we saw earlier in 2025. After a somewhat slower year, recent expert forecasts point to renewed activity, balanced conditions, and modest price growth across the province — especially compared with the uncertainty that dominated much of last year.

Sales Activity Expected to Rebound

According to the British Columbia Real Estate Association (BCREA), the province is forecast to see a meaningful increase in MLS® sales in 2026 compared with 2025. After residential sales softened this year, the forecast calls for sales to rise to about 81,700 units, up roughly 12.8 % year-over-year as market momentum builds into the new year. This rebound suggests returning buyer interest and greater confidence across different regions. British Columbia Real Estate Association

At the same time, active listings have remained near long-term healthy levels — around 45,000 homes for sale — which is expected to help create a balanced market with less extreme price swings than we’ve seen in the past.

Prices: Modest Growth in 2026

While 2025 brought limited price movement and some stabilization, the latest forecast suggests BC average home prices may rise modestly in 2026, potentially reaching just under $1 million province-wide. BCREA projects average prices at about $995,600 in 2026, up from around $957,700 in 2025 — reflecting moderate growth but not dramatic spikes.

This moderate increase is likely due to a combination of balanced supply and demand, and a market gradually adjusting to economic realities following the ups and downs of recent years.

What’s Driving the Outlook?

Several key factors are shaping the 2026 landscape:

• Balanced Inventory: A healthy level of active listings gives buyers more options and reduces pressure on prices. 
• Renewed Sales Momentum: After a quieter 2025, sales growth is expected to return as buyer confidence strengthens. 
• Regional Variations: Strong demand areas — especially where employment growth and amenities attract buyers — may outperform others.
• Interest Rates & Affordability: Persistently elevated mortgage costs may temper how quickly prices rise, keeping market conditions more even.

How This Helps Buyers & Sellers

For Buyers:

• More choice and negotiating power: Balanced conditions and higher inventory help buyers take their time.

• Affordability opportunity: With modest price growth expected, 2026 may be a strategic year to enter the market.

For Sellers:

• Well-priced homes will stand out: In a more balanced market, accurate pricing and strong marketing matter more than ever.

• Less volatility: A stable market can help set realistic expectations around timelines and offers.

Looking Ahead

2026 is shaping up to be a transitional year for BC real estate — one where markets begin to stabilize and activity picks up after a slower period. Rather than dramatic price jumps or steep declines, experts are forecasting steady, balanced growth, and more normal seasonal patterns.

If you’re thinking of buying, selling, or investing this year, staying informed and working with a professional who understands how these trends impact local markets will be key.

Here’s to a successful and informed 2026 in BC real estate!