06/15/2026
The headlines talk about mortgage rates and sales numbers, but in my experience, people don’t move because of the market—they move because life changes. Parents are looking to be closer to their children, retirees are ready to simplify and reduce expenses, young families need more space, and more households than ever are exploring multigenerational living to support aging parents or help their adult children get into the market. Today’s conditions actually provide the breathing room to have those conversations and make thoughtful decisions instead of rushed ones.
This market rewards planning. Downsizers have more choices than they’ve had in years, but selling and buying at the same time requires a solid strategy. Growing families need to understand how to leverage their current equity into a larger home, while multigenerational buyers often need creative solutions involving timing, financing, and coordinating multiple properties. Every family’s situation is unique, and that’s where experience matters. My role isn’t simply to put a sign on a lawn—it’s to help clients navigate one of life’s biggest transitions with a plan that protects their finances, reduces stress, and sets them up for the next chapter.
Year-to-date, BC residential sales dollar volume is down 8 per cent to $25.1 billion, compared with the same period in 2025. Residential unit sales are down 6.9 per cent year-over-year at 26,681 units, while the average MLS® residential price is also down 1.2 per cent to $941,883.
Watch BCREA Chief Economist Brendon Ogmundson discuss the May 2026 statistics ⤵️
BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundso...
