After decades in B.C. real estate, I’ve seen the market move through many cycles—and the latest provincial forecast offers plenty for buyers and sellers to consider. We’re looking at a slight dip in residential sales for 2026, about 2%, with average prices easing by roughly 1% (from about $953,000 to $940,000). For those searching, elevated active listings and a wave of new housing supply are opening up more choices than we’ve seen in some time, though softer demand continues to keep prices under gentle pressure.
It’s interesting to see how the Lower Mainland markets are diverging: Greater Vancouver is expected to see just a 1% decrease in sales, while Fraser Valley could experience a 5% drop next year. Confidence among households is still the key variable—rising energy costs and everyday expenses mean that many are budgeting carefully, even as employment grows and wages outpace inflation.
Looking ahead, the forecast suggests a rebound: as population growth normalizes in 2027, we could see sales climb to around 74,000 units across B.C., up from an expected 68,000 in 2026. Navigating these shifts requires experience and strong negotiation—a spirit of excellence I bring to every transaction.
Leave a Reply