What is the average home price in British Columbia?

The average home price in British Columbia was $924,239 in January 2026, down 2.9% from December 2025 and 1.9% lower than January 2025.

Is British Columbia a buyer's or seller's market?

British Columbia is firmly in a buyer's market as of January 2026, with 9.8 months of supply and a sales-to-new-listings ratio (SNLR) of just 10.2% — well below the balanced threshold.

Which cities in British Columbia have the most affordable housing?

Northern BC ($435,219), Kootenay ($474,656), and Kamloops ($565,501) offer the most affordable average home prices in British Columbia as of January 2026.

British Columbia Housing Market Report 2026

British Columbia’s housing market continued to favour buyers in January 2026, with the provincial average home price at $924,239 — down 1.9% year-over-year. Sales activity dropped sharply to 3,314 transactions, a 22.9% decline from January 2025, while active listings rose 5.6% to 32,626. With 9.8 months of supply, BC is well into buyer’s market territory.

Key statistics (January 2026)

Metric	Value	Month-over-Month	Year-over-Year
Average Home Price	$924,239	-2.9%	-1.9%
Benchmark Price	$886,200	-0.9%	-4.9%
Total Sales	3,314	-22.4%	-22.9%
Active Listings	32,626	N/A	+5.6%
Months of Supply	9.8	N/A	N/A
Sales-to-New-Listings Ratio	10.2%	N/A	N/A
Market Condition	Buyer’s Market	N/A	N/A

Average home prices by city

City / Region	Average Price	YoY Change
Vancouver	$1,210,684	+0.2%
Victoria	$1,017,410	+5.1%
Fraser Valley	$953,475	-5.3%
Chilliwack	$779,756	+12.9%
Okanagan	$751,841	+2.2%
Vancouver Island	$696,529	-3.6%
Kamloops	$565,501	+4.3%
Kootenay	$474,656	-7.5%
Northern BC	$435,219	+9.3%

Market conditions

British Columbia is in a clear buyer’s market as of January 2026. The 9.8 months of supply is well above the 5–6 month threshold that typically signals balanced conditions. The sales-to-new-listings ratio of 10.2% is extremely low, indicating that a large share of available inventory is going unsold. Buyers have significant negotiating power across most regions of the province, and homes are generally taking longer to sell compared to a year ago.

The benchmark price of $886,200 is down 4.9% year-over-year, a steeper decline than the average price, suggesting that the typical home is losing value more consistently than the headline average suggests.

Regional analysis

Vancouver remains the most expensive market in British Columbia at $1,210,684, though prices are essentially flat year-over-year (+0.2%). Victoria is also holding up well with a 5.1% annual gain, reflecting more balanced conditions and continued demand in the capital region.

The Fraser Valley has seen more significant price erosion, with the average price down 5.3% to $953,475. This region had some of the most aggressive price gains during the pandemic boom and is now experiencing a sharper correction. Similarly, Kootenay prices are down 7.5%, continuing a trend of retreat from pandemic-era peaks.

On the other end of the spectrum, several smaller and more affordable markets are posting strong gains. Chilliwack is up 12.9%, Northern BC is up 9.3%, and Kamloops has gained 4.3%. These regions benefit from relative affordability and are attracting buyers priced out of the Lower Mainland.

Key trends

Buyer’s market deepening — At 9.8 months of supply, BC’s buyer’s market conditions are among the most pronounced in Canada. Buyers have strong leverage across most regions.
Vancouver holding value — Despite provincial weakness, Vancouver prices are essentially flat year-over-year, supported by long-term structural demand and constrained land supply.
Fraser Valley correcting — The Fraser Valley is experiencing one of the steeper corrections in BC, down 5.3% as pandemic-era gains continue to unwind.
Outlying regions gaining — Chilliwack (+12.9%) and Northern BC (+9.3%) are bucking the provincial trend, benefiting from affordability-driven demand.
Sales volumes plummeting — A 22.9% year-over-year decline in sales signals continued buyer caution amid economic uncertainty and elevated inventory.

Housing affordability

At a provincial average of $924,239, British Columbia remains one of the least affordable provinces in Canada. To purchase a home at the average price with a 20% down payment, a household would need an estimated annual income of approximately $190,000 — well above the median household income in BC.

Vancouver is even more challenging, with its $1,210,684 average requiring income exceeding $245,000. More affordable options exist in Northern BC ($435,219) and Kootenay ($474,656), where the income required drops to roughly $100,000–$110,000.

Use our mortgage affordability calculator to determine how much home you can afford, or our income to afford home calculator to find the salary needed at BC price levels.