BC Northern Real Estate Board
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for BC Northern Real Estate Board was $441,100 in July 2026, down 0.1% year over year.
Across the 3 months on record — May 2026 to July 2026 — the benchmark fell 0.1%, from $441,400 to $441,100.
The high over that window was $441,400 in May 2026; the benchmark now sits 0.1% below it.
The low was $438,400 in June 2026.
The segments have not moved together: townhouses gained 0.8%, detached homes lost 0.1% and apartments lost 2.3% over the window — a spread of 3.1 percentage points between townhouses and apartments.
As of July 2026 the benchmark stands at $460,500 for detached homes, $280,200 for townhouses and $237,800 for apartments.
BC Northern Real Estate Board reported 447 sales in July 2026.
Inventory stands at 4.9 months of supply, which the board's own thresholds classify as a balanced market.
These are figures published by BC Northern Real Estate Board. The period-over-period comparisons above — the change over the window, the high and the low and the spread between property types — are arithmetic compiled by this publication from 3 monthly releases, May 2026 through July 2026.
Board Report
Key Takeaways
July 2026- The overall MLS® HPI composite benchmark price was $441,100 in July 2026, edging down 0.1% compared to July 2025.
- Months of inventory numbered 4.9 at the end of July 2026, up from the 4.8 months recorded at the end of July 2025 and below the long-run average of 5.3 months for this time of year.
- The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: BC Northern Real Estate Board
With 4.9 months of inventory, the market is near equilibrium with a slight tilt toward sellers. Properties sell within a reasonable timeframe, and pricing is competitive but not extreme.
BC Northern Real Estate Board Narrative
The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 447 units in July 2026. This edged down 0.2% (one sale) from July 2025.
Home sales were 8% above the five-year average and 2.1% above the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 2,409 units over the first seven months of the year. This was a modest decline of 2% from the same period in 2025.
“Sales and new listings activity held steady on a year-over-year basis in July, remaining at solid and supportive levels for our regions housing markets. Demand has picked up over the past few months but overall, the trend for most metrics is one of stability,” said Vanita Des Mazes, Chair of the BC Northern Real Estate Board. “In July the Union of British Columbia Municipalities, through its Local Government Develop Approvals Program, announced that 56 local governments would be receiving a total of $9 million to fast-track development approvals and accelerate homebuilding. This is welcome news that will help municipalities improve their approval processes and deliver homes faster to increase housing supply.”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $441,100 in July 2026, edging down 0.1% compared to July 2025.
The benchmark price for single-family homes was $460,500, down only 0.1% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $280,200, down modestly by 1.9% compared to a year earlier, while the benchmark apartment price was $237,800, a minor increase of 2.5% from year-ago levels.
The average price of homes sold in July 2026 was $469,047, nearly unchanged, down only 0.5% from July 2025.
The more comprehensive year-to-date average price was $455,588, a minor increase of 2.2% from the first seven months of 2025.
The Board cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available over a vast geographic area (the Board serves an area covering over 600,000 square kilometers or 72% of the province).
The dollar value of all home sales in July 2026 was $209.7 million, a slight reduction of 0.8% from the same month in 2025.
The number of new listings edged down 0.3% (two listings) from July 2025. There were 678 new residential listings in July 2026. This was the lowest number of new listings added in the month of July in five years.
New listings were 2% below the five-year average and 2.9% below the 10-year average for the month of July.
Active residential listings numbered 2,168 units on the market at the end of July, up only 0.1% (two listings) from the end of July 2025.
Active listings were 0.7% above the five-year average and 5.5% below the 10-year average for the month of July.
Months of inventory numbered 4.9 at the end of July 2026, up from the 4.8 months recorded at the end of July 2025 and below the long-run average of 5.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Market Balance
Months of Inventory
Demand significantly outpaces new supply — expect competitive offers.
At 4.9 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Source: BC Northern Real Estate Board via CREA MLS
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.