The Northern British Columbia real estate market is anticipating a robust year in 2026, with the BC Real Estate Association forecasting over 4,200 housing sales. This projection indicates a modest increase compared to the previous year's figures, signaling continued optimism despite past economic headwinds.
Key Takeaways
- Over 4,250 unit sales are projected for Northern BC in 2026, an increase from 2025.
- The average home price is expected to rise by 2.6% to $455,500.
- A calmer trade environment and stable interest rates are anticipated.
Market Outlook for 2026
The BC Real Estate Association's first-quarter forecast suggests that Northern BC could see approximately 4,250 unit sales in 2026. This figure represents an increase of about 200 units over the 4,067 sales recorded in 2025. Economist Amit Sidhu noted that the region demonstrated resilience in its market performance last year, even with significant challenges. The forecast anticipates fewer economic headwinds in 2026, creating room for optimism regarding sales growth.
Factors Influencing Growth
Sidhu highlighted the north's ability to maintain sales activity throughout 2025, despite a cooling off in the final quarter. The market even surpassed 2024 sales totals. For 2026, a more stable trade front is expected, potentially including a positive resolution to trade dialogues between Canada and the United States. While some volatility from the U.S. remains a possibility, there is a mutual desire for resolution.
Stable Economic Conditions Expected
In addition to trade stability, the Bank of Canada is not expected to make significant changes to interest rate policy in 2026, contributing to a calmer economic environment. This stability is likely to support continued activity in the housing market. The average home price in the north is projected to reach $455,500, marking a 2.6% increase from 2025 prices.
