The BCREA is projecting that MLS® residential sales in British Columbia will decline by 1.1% in 2025. It further indicates that this anticipated slowdown stems from buyers postponing decisions amid tariff‑related economic uncertainty, despite significant pent‑up demand. Looking ahead to 2026, however, sales are expected to rise by 8.8%, climbing to roughly 80,150 units, if trade tensions ease and market confidence returns.
Source: BCREA
Inventory and Price Trends
As transaction volumes ease, active listings across the province are forecast to average above 40,000 units in 2025, for levels not seen in over a decade. This expanded supply exerts mild downward pressure on prices in certain segments, but overall average MLS® prices are predicted to remain relatively flat. In 2025, average prices are expected to dip by 0.9% to about $972,800 before rebounding by 3.2% to near $1,004,000 in 2026 as demand re‑emerges.
Source: BCREA
Regional Dynamics
Greater Vancouver is predicted to experience a slight 1.6% sales contraction in 2025, with transactions falling to around 26,000 units. Average prices there are forecast to decrease by 2.1% before recovering by 1.7% next year. On Vancouver Island, sales are projected to slide by 3.8%, although prices are anticipated to hold essentially flat, edging up just 0.4% in 2025.
The Victoria market presents a brighter picture, with a modest 1.8% gain in sales expected this year, reaching 6,700 units, accompanied by a 1.7% price increase to approximately $990,000. In the Interior, the Okanagan region is expected to see a 3.7% sales decline in 2025, but average prices there should still climb by 1.4%, reflecting sustained buyer interest in that lifestyle‑focused market.