Metro Vancouver home sales fell 10% in October, BCREA figures show
The BC Real Estate Association's fourth-quarter forecast shows Greater Vancouver recorded just over 2,000 home sales in October, down 10% from a year earlier, as provincial listings hit their highest level since 2015.
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Greater Vancouver recorded just over 2,000 home sales in October 2026, a 10% drop from the same month a year earlier, according to the BC Real Estate Association's fourth-quarter housing forecast. Canadian Mortgage Professional reported the figures on November 13.
Across BC as a whole, 5,670 homes sold in October, down 11% year-over-year, the BCREA said. The October figures arrived alongside the association's quarterly forecast, which projects provincial home sales tracked through the Multiple Listing Service (MLS) will fall 4.5% for the full year of 2026, to 67,000 units.
What the numbers show
The average provincial sale price in October stood at $949,832, the BCREA reported. That is 2.8% below the $977,117 average recorded in October 2025.
Active listings across BC are at their highest level since 2015. New-home inventory is also elevated. Those conditions together are putting downward pressure on prices.
Every month of 2026 has recorded a year-over-year drop in BC home sales.
Why expensive markets are struggling
BCREA chief economist Brendan Ogmundson said the path to recovery in expensive urban markets is difficult.
"Recoveries in more-expensive regions of the province are dependent on a retracing of rates and oil prices such that prospective buyers regain confidence after several volatile quarters," Ogmundson said.
Doug Porter, chief economist at BMO, told Canadian Mortgage Professional earlier in 2026 that the province's market was caught between global economic pressure and rising long-term borrowing costs.
Markets showing relative strength
Not all of BC is declining. Kamloops recorded a 12% rise in October sales. Northern BC is projected to close 2026 with 4,000 unit sales, 1.6% below 2025.
BCREA economist Amit Sidhu said Northern BC's relative affordability is protecting it from the same pressures.
"The relative affordability of the region is really helping sort of insulate the area from some of these broader pressures," Sidhu said, "because perhaps for a lot of people that financial burden isn't as much of a pinch as it is in areas such as the Lower Mainland."
What 2027 may look like
The BCREA's Q4 forecast projects a 7.2% rise in provincial home sales in 2027, with average prices up 2.4% to $964,200. The association states that recovery depends on easing borrowing costs and a resolution of Canada's trade dispute with the United States.
For anyone buying or selling a home in Vancouver, the BCREA publishes monthly and quarterly updates at bcrea.bc.ca.
Questions this story answers
How many homes sold in Metro Vancouver in October 2026?
Metro Vancouver recorded just over 2,000 home sales in October 2026, according to the BC Real Estate Association's Q4 2026 housing forecast reported by Canadian Mortgage Professional on November 13, 2026. That figure is 10% below what sold in October 2025.
What is the BC Real Estate Association forecasting for home sales in 2026?
The BCREA's fourth-quarter 2026 forecast projects that provincial home sales tracked through the Multiple Listing Service will fall 4.5% for the full year of 2026, to 67,000 units across British Columbia. This follows a year of consistent year-over-year shortfalls in every monthly period of 2026.
What happened to home prices in BC in October 2026?
The average provincial sale price in BC in October 2026 was $949,832, according to BCREA figures reported by Canadian Mortgage Professional. That is 2.8% below the $977,117 average recorded in October 2025.
Why are Vancouver home sales declining in 2026?
BCREA chief economist Brendan Ogmundson said in the Q4 forecast that expensive urban markets like Vancouver face a difficult path to recovery. He said recoveries in more-expensive regions of the province depend on a retracing of interest rates and oil prices so that buyers regain confidence after several volatile quarters.
What is happening with home listings in BC right now?
Active listings across BC are at their highest level since 2015, the BCREA's Q4 forecast states. New-home inventory is also elevated. Together, these are putting consistent downward pressure on home values across the province.
When is the BC housing market expected to recover?
The BCREA's Q4 2026 forecast projects a 7.2% rise in provincial home sales in 2027, alongside an average price increase of 2.4%, bringing the provincial average to $964,200. The BCREA states this recovery is contingent on easing borrowing costs and a de-escalation of Canada's trade dispute with the United States.
Are any BC markets doing better than Metro Vancouver?
Yes. Interior markets like Kamloops recorded a 12% rise in October sales, the BCREA's Q4 forecast reports. Northern BC is forecast to close 2026 with 4,000 unit sales, just 1.6% below 2025. BCREA economist Amit Sidhu said the relative affordability of those regions is helping insulate them from the pressures seen in the Lower Mainland.
Where can I find more data about Metro Vancouver home sales?
The Real Estate Board of Greater Vancouver publishes monthly statistics for the Metro Vancouver region. For the broader BC picture, the BC Real Estate Association publishes its monthly statistics at bcrea.bc.ca. These reports are updated each month and show the latest sales volumes, prices and listing activity.
Sources
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