What’s Happening in the BC Real Estate Market?

Here’s a formatted version of the BCREA Q2 2025 Housing Forecast summary tailored for use in your email newsletter. It uses a clean, skimmable structure suitable for real estate clients or subscribers:

🏡 BCREA Q2 2025 Housing Forecast Update

What’s Happening in the BC Real Estate Market?

🔍 Market at a Glance

The British Columbia Real Estate Association (BCREA) has released its 2025 Second Quarter Forecast, and it’s clear the market is taking a breather.

Why? Global economic uncertainty—especially new U.S. tariffs on Canadian exports—is causing buyers to pause, even as interest rates fall.

📉 Key Highlights

• Home sales across BC are expected to dip 1.1% in 2025, totaling about 73,650 units.

• A rebound is forecasted for 2026, with sales projected to rise 8.8%.

• Interest rates are down (Bank of Canada cut its rate from 5% to 2.75%), but inflation and trade tensions may limit further cuts.

• Inventory is up, which may soften prices. Expect flat-to-slightly-lower prices in 2025, with moderate growth in 2026.

📍 Regional Snapshots

Vancouver Island-Coast:

• Victoria: Sales up 1.8%, average price up 1.7%

• Rest of Island: Sales down 3.8%, prices mostly flat (+0.4%)

Lower Mainland:

• Greater Vancouver: Sales down 1.6%, average prices expected to drop 2.1%

• Fraser Valley: Sales down 2.4%, modest price dip (-0.6%)

• Chilliwack: Slight growth in both sales (+1.7%) and price (+0.5%)

Thompson-Okanagan:

• Okanagan: Sales down 3.7%, price growth modest (+1.4%)

• Kamloops: Sales up 2%, prices nearly flat (+0.5%)

Northern BC & Kootenay:

• Northern BC: Sales up 2.1%, prices up 0.8%

• Kootenay Region: Sales up 5.4%, prices up 2.7%

📈 What to Expect Moving Forward

Buyers are waiting for more certainty in the economy before jumping back in. When they do, BCREA expects a sharp rise in sales. Until then, it’s a window of opportunity for well-priced listings and motivated buyers.

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