Metro Vancouver home sales forecast to rise 8.7 per cent in 2027, BCREA says
The BC Real Estate Association projects 25,000 home sales in Greater Vancouver next year, up from a 2026 that ended with the market at a multi-year low.
Reported. A news outlet found this. voche.me names the outlet and links its report. Read the original report on dailyhive.com.
Metro Vancouver home sales are forecast to rise 8.7 per cent in 2027 to reach 25,000 units, according to the BC Real Estate Association's fourth-quarter housing outlook released Tuesday.
Daily Hive Vancouver reported the forecast Tuesday morning. The association's chief economist, Brendon Ogmundson, said the projected recovery rests on two conditions: easing effects from US tariffs on Canada, and a decline in fixed mortgage rates. "Ultimately, we expect a modest recovery in home sales in 2027 as the impacts of new United States tariffs fade and fixed mortgage rates decline," Daily Hive Vancouver quoted Ogmundson as saying.
What the forecast says for Metro Vancouver
The Greater Vancouver Realtors area, which covers Metro Vancouver, is expected to record 25,000 sales in 2027, up from a 2026 total the association puts at a 3 per cent decline from 2025. The average home price in Metro Vancouver is forecast to rise from $1.223 million in 2026 to $1.25 million in 2027, a 2.2 per cent gain.
Across BC, the association projects provincial home sales will climb 7.2 per cent to 71,840 units in 2027. The provincial average residential price is forecast at $964,200, up 2.4 per cent from 2026.
Why prices are rising slowly
Large active listing inventory is the main restraint on prices, according to the association. Daily Hive Vancouver reported that active listings are near their highest point since 2015, which limits how far prices can climb even as sales recover.
What could change the forecast
The association identifies two forces that could add buyers: federal immigration measures and an exemption from the foreign buyer ban for new homes. On the other side, further economic headwinds or interest rate increases could slow the recovery.
What this means for Vancouver buyers and sellers
A buyer weighing a purchase in Metro Vancouver, or a homeowner deciding when to sell, can read the association's quarterly forecasts at bcrea.bc.ca. The next update from Greater Vancouver Realtors on actual October 2026 sales data is also available there.
Questions this story answers
What does the BCREA forecast for Metro Vancouver home sales in 2027?
The BC Real Estate Association, as reported by Daily Hive Vancouver on November 11, 2026, forecasts Greater Vancouver Realtors' jurisdiction will see 25,000 home sales in 2027. That is an 8.7 per cent increase from the 2026 total the association projects for Metro Vancouver.
What is happening to Metro Vancouver home prices in 2027 according to BCREA?
The BC Real Estate Association projects Metro Vancouver's average home price will rise from $1.223 million in 2026 to $1.25 million in 2027, a gain of 2.2 per cent. The association says large inventory levels are keeping price growth slow despite the sales recovery.
What is the BCREA's forecast for BC home sales in 2026?
The BC Real Estate Association projects 2026 will end with just over 67,000 home sales across BC, a decline of 4.5 per cent from the 70,186 sales recorded in 2025. That follows a 5.7 per cent year-over-year drop in 2025, making 2026 a second consecutive down year for the province.
What does BCREA's chief economist say about the 2027 recovery?
BCREA chief economist Brendon Ogmundson, as quoted by Daily Hive Vancouver, said: 'Ultimately, we expect a modest recovery in home sales in 2027 as the impacts of new United States tariffs fade and fixed mortgage rates decline.' He did not say how far rates would fall or by when.
What risks does BCREA identify for the 2027 housing forecast?
The BC Real Estate Association points to two main risks: large active listing inventory near its highest level since 2015, which limits price growth, and economic headwinds including potential interest rate increases. It also notes federal immigration measures and an exemption from the foreign buyer ban for new homes as potential positives.
What is forecast for the Fraser Valley real estate market in 2027?
The Fraser Valley Real Estate Board, in the same BCREA forecast reported by Daily Hive Vancouver, is expected to see sales rise 9.1 per cent to 12,000 units in 2027. The provincial average residential price is forecast to reach $964,200 in 2027, up 2.4 per cent from 2026.
How does the 2027 Metro Vancouver forecast compare to recent years?
Metro Vancouver home sales dropped 10.2 per cent in 2025 and are projected to fall a further 3 per cent in 2026, according to the BCREA forecast reported by Daily Hive Vancouver. The 8.7 per cent recovery projected for 2027 would bring sales to 25,000 units, still below the levels of the peak years before 2022.
Where can Vancouver residents follow the housing market?
The BC Real Estate Association publishes its housing forecasts and monthly statistics at bcrea.bc.ca. The City of Vancouver and Greater Vancouver Realtors also publish monthly sales data for residents tracking market conditions.
Sources
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