Vancouver, BC – January 27, 2025. The British Columbia Real Estate Association (BCREA) released its 2025 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 14.3 per cent to 85,140 units this year. In 2026, MLS® residential sales are forecast to strengthen further, rising to 87,670 units.
“Markets across BC closed 2024 with significant momentum,” said BCREA Chief Economist Brendon Ogmundson. “While we are entering 2025 with a high level of optimism and expectations for increased activity, the potential for punishing tariffs on BC exports to the United States presents significant uncertainty for the outlook.”
Although new listings activity has been much stronger than last year, the accumulation of inventory in 2024 had much more to do with a prolonged slump in home sales. With active listings returning to more healthy levels across BC, we expect that the market will be able to absorb the coming rise in sales activity without a sharp increase in prices. Nonetheless, following a year of flat prices, the average price in BC is projected to rise by 4.5 per cent in 2025, driven by a strong recovery in overall housing demand.
Provided by: BCREA
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