Market Activity Slowed in Late 2025

According to the latest data from the British Columbia Real Estate Association (BCREA), MLS® residential sales in November 2025 were down approximately 13.3% compared to the same period last year. At the same time, the average residential price in BC was slightly lower, dipping to just under $966,000 compared with the previous year. 

What this tells us is that the market cooled heading into the holidays, which is typical for December but also reflects ongoing buyer hesitation and a larger inventory base on the MLS.

Looking Ahead: 2026 Forecast Shows Balanced Conditions

In its 2025 Fourth Quarter Housing Forecast, BCREA noted that while 2025 sales finished below earlier expectations, activity is projected to recover in 2026 with MLS® sales expected to rise by roughly 12.8% to around 81,700 units province-wide.

At the same time, active listings remain near long-term healthy levels, with about 45,000 homes for sale across BC. This level of inventory typically supports a balanced market, where neither buyers nor sellers hold overwhelming leverage.

Experts also forecast modest average price growth for the year ahead, with BC prices expected to climb close to $995,600 in 2026 — a reflection of a steady, moderate recovery rather than a return to overheated conditions. 

What This Means for Buyers

If you’re considering buying a home in 2026, here’s why this moment may be favorable:

More Choice

A larger inventory base means buyers can compare more homes across price points and neighbourhoods without the intense competition seen in past years.

Less Pressure to Overpay

With sales activity cooled and balanced against listings, buyers may have better negotiating power and flexibility on terms such as closing dates, subjects, or inclusions.

Strategic Timing

Starting your search now — before the market picks up in spring — gives you time to research neighbourhoods, explore options, and get pre-approved without feeling rushed.

For Sellers (or Future Sellers)

Balanced market conditions mean pricing becomes even more important. Well-priced homes in good condition — especially those marketed effectively — continue to attract strong interest.

BC’s real estate market is in a transitional phase — still quiet from the holidays but poised for a gradual rebound. For buyers, this environment offers an opportunity to explore options with less competition and more negotiating power. For sellers, the focus remains on presentation and pricing strategy in a balanced market.

Here’s to making thoughtful, confident decisions in real estate throughout 2026!