Fewer homes will be sold in B.C. this year, real estate group says
Fewer homes will be sold in British Columbia this year, a real estate group says. The British Columbia Real Estate Association is a group for real estate agents, who help people buy and sell homes. It expects home sales to fall 4.5% from 2025. That would be just over 67,000 homes. It expects the average price to drop by 1.2%, to just over $941,000. Its chief economist gave several reasons. They include a sudden rise in oil prices, trade problems with the United States, fewer new immigrants, and higher interest rates. The group expects sales to rise again in 2027.