The question on every buyer’s and seller’s mind right now is simple: Will BC housing prices finally come down in 2025—or continue to climb?

With affordability challenges at an all-time high, shifting government policies, and a surge in new listings across the province, this is the most Googled real estate question in British Columbia today. Let’s break down what experts, data, and local trends are saying.

Current Market Snapshot

As of mid-2025, BC’s housing market looks very different compared to the red-hot years of 2021–2022:

• Inventory is up. Active listings have climbed to a 10-year high, giving buyers more choices and cooling bidding wars.

• Sales are down. The BC Real Estate Association reports sales activity has slowed, with many buyers waiting to see if prices will dip further.

• Prices are holding—slightly dipping in some regions. On average, provincial prices are down by less than 1%, but the impact varies by region. Vancouver remains expensive, while markets like Kamloops, Kelowna, and Nanaimo show more balance.

Factors That Could Push Prices Down

1. Higher Inventory: More homes on the market generally lead to softer prices, especially in areas outside Metro Vancouver.

2. Stricter Taxes & Rules: The new anti-flipping tax and ongoing foreign buyer ban are discouraging short-term speculation.

3. Rising Insurance Costs: Especially in wildfire-prone regions, higher premiums are affecting affordability.

4. Economic Slowdown: If interest rates stay high and consumer confidence weakens, prices could trend downward.

Factors That Could Hold Prices Steady

1. Strong Immigration: BC continues to welcome new residents, sustaining housing demand.

2. Limited New Construction: Despite zoning reforms, it takes time for new housing supply to hit the market.

3. Lifestyle Demand: Areas like Kelowna, Kamloops, and Vancouver Island remain highly attractive to retirees, families, and remote workers.

What Experts Predict

• 2025: A mild price correction, with an average dip of about 0.9% province-wide.

• 2026: A rebound, with prices projected to rise 3% or more as demand absorbs higher inventory.

For buyers, this means 2025 could be a window of opportunity. For sellers, pricing competitively and marketing strategically are more important than ever.

What This Means for You

• If you’re a buyer: Increased inventory and softer prices in certain markets make this a good time to explore. Don’t just look in Metro Vancouver—consider Kamloops, Kelowna, or the Fraser Valley for more value.

• If you’re a seller: You can still succeed in today’s market, but strategy is key. Homes that are well-presented, realistically priced, and marketed by an experienced Realtor® are still selling quickly.

Get Trusted Advice

The BC housing market is complex, and timing your move can make a big difference. Whether you’re buying, selling, or just exploring your options, having the right guidance matters.

📞 Contact Kevin Scharfenberg, Personal Real Estate Corporation
Licensed Realtor® | Brokered by eXp Realty
📱 250-457-1795

Kevin has years of experience helping clients navigate BC’s changing real estate market. If you’re wondering whether now is the right time to buy or sell, Kevin can provide the insights and strategy you need.

✅ Bottom line: Prices in BC may dip slightly in 2025, but with demand set to rebound in 2026, this could be your opportunity to make a smart move—before the market heats up again.