Home Sales Remain Slow Amidst Very Challenging Economic Environment.
Vancouver, BC – April 15, 2026.
The British Columbia Real Estate Association (BCREA) reports that 5,766 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in March 2026, down 3.6 per cent from March 2025. The average MLS® residential price in BC in March 2026 was down 2 per cent at $939,846 compared to $959,236 in March 2025.
Total MLS® residential sales dollar volume was $4.21 billion, down 5.6 per cent from the same time the previous year. BC MLS® unit sales were 34.53 per cent lower than the ten-year average for the month of March.
“Global conflict leading to rising mortgage rates paired with a sluggish economy are presenting a challenge for a housing market recovery,” said BCREA Chief Economist Brendon Ogmundson. “Improved affordability and pent-up demand should translate to an acceleration of activity, though the market will need a period of relative calm for households to build confidence.”
Year-to-date, BC residential sales dollar volume is down 13 per cent to $12.7 billion, compared with the same period in 2025. Residential unit sales are down 11 per cent year-over-year at 13,595 units, while the average MLS® residential price is also down 2.2 per cent to $933,859.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.