BCREA 2025 Second Quarter Housing Forecast
Vancouver, BC – April 30, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 Second Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 1.1 per cent to 73,650 units this year. In 2026, MLS® residential sales are forecast to move slightly higher, rising 8.8 per cent to 80,150 units.
“Hopes for a return to normalcy in the BC housing market were swiftly dashed this year, upended by a pointless and mutually destructive trade war,” said BCREA Chief Economist Brendon Ogmundson. “While there is significant pent-up demand in the market, uncertainty about the direction of the economy is holding that demand back.”
With slower sales, provincial resale inventory is likely to average above 40,000 listings for the first time in over a decade. As a result, we expect average prices in some regions or market segments to face some downward pressure. Overall, however, we forecast largely flat average prices as sellers wait out the current environment.
For the complete news release, including detailed statistics, click here.
For more information, please contact:
Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
Email: bogmundson@bcrea.bc.ca
Amit Sidhu
Economist
Direct: 604.677.9345
Email: asidhu@bcrea.bc.ca
Housing Forecast is published twice a year by the British Columbia Real Estate Association. Real estate boards, real estate associations, and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.
Additional economics information is available here on BCREA’s website.
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Copyright© 2025 British Columbia Real Estate Association
