B.C. Real Estate Association forecasts home sales down 4.5% this year

The B.C. Real Estate Association's fourth-quarter forecast projects provincial home sales will fall 4.5 per cent this year from 2025, to just over 67,000 units. It expects the average price to drop 1.2 per cent to just over $941,000, with active listings at their highest since 2015. Chief economist Brendon Ogmundson cited an oil-price shock, trade tensions with the United States, slower immigration and rising interest rates. The industry group forecasts a modest 2027 recovery, with sales up 7.2 per cent and prices up 2.4 per cent, but says that depends on easing tariff impacts and lower fixed mortgage rates.