08/21/2026
BCREA (British Columbia Real Estate Association) is anticipating a slightly better year in 2027 than 2026, but the improvement is expected to be slow and gradual, with the market continuing to face challenges from persistent geopolitical volatility.
In my opinion, this is nothing to get excited about—YET.
Sales remain relatively flat in the Interior and are down in the Lower Mainland. As anticipated last year, 2026 is turning out to be somewhat better than 2025, but we’re still a long way from what I would call a strong market.
There are a few reasons for cautious optimism heading into 2027, including:
• The federal foreign buyer ban is scheduled to end January 1, 2027
• A potentially different political climate in the U.S. following the midterm elections
• The possibility of a new Canada-U.S. trade agreement
• And the hope that the conflict involving Iran will come to an end, one way or another, sooner rather than later
So, better? Probably.
Boom? Not likely.
Something to get excited about? Not yet.
As always, the market will ultimately be driven by interest rates, affordability, consumer confidence, employment and—perhaps more than anything right now—what happens geopolitically.
TheBCHomes.com
Coldwell Banker Executives Realty