The latest British Columbia Real Estate Association (BCREA) forecast paints a cautiously optimistic picture for the province’s housing market heading into 2026.
After a sluggish 2024–2025 marked by high inventory and cautious buyers, home sales are projected to rise by 12.8% next year, while the average home price is expected to climb around 4%, reaching approximately $995,600 across BC.

📈 A Turning Point for Buyers and Sellers

For most of 2025, Metro Vancouver has been in a buyer-friendly phase, with slower sales and rising listings giving buyers more room to negotiate.
Now, with interest rates stabilizing and confidence gradually returning, 2026 could be the year the market starts to balance again.

According to BCREA’s chief economist, demand is expected to recover as population growth continues and household incomes stabilize, particularly in urban centers like Vancouver, Burnaby, and Surrey.

🏠 What This Means for Metro Vancouver

The Greater Vancouver area — where the average benchmark price currently sits around $1.13M — is expected to see moderate gains.
Homes in Burnaby, Coquitlam, and East Vancouver may lead the recovery, thanks to ongoing infrastructure projects like the SkyTrain expansions and new multi-unit zoning (SSMUH) policies creating more supply and long-term value.

For first-time home buyers, the forecast suggests this winter and early spring could be the sweet spot: prices remain soft, inventory is still high, and mortgage rates are more affordable than last year.

💬 Expert Take – Realtor’s Perspective

“As a Vancouver Realtor, I’m seeing a subtle shift — buyers are becoming more confident, and sellers are starting to adapt their pricing to meet the market,” notes Realtor Emily Vu.
“The next few months could be ideal for buyers to enter before the anticipated rebound in mid-2026.”

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