BC Northern Real Estate Board Reports Balanced Market in July 2026

BC Northern Real Estate Board — July 2026

In July 2026, the BC Northern Real Estate Board reports a composite benchmark price of $441,100, with total sales reaching 447 units. The market remains balanced, with new listings at 678 and active listings totaling 2,168.

Market Analysis

The real estate market in the BC Northern region shows signs of stability, with total sales in July 2026 decreasing slightly by 0.2% from the previous year. Despite this minor decline, sales are 8% above the five-year average and 2.1% above the 10-year average for July. The months of inventory stands at 4.9, indicating a balanced market where supply and demand are relatively equal. The average price of homes sold is $469,047, reflecting a slight decrease of 0.5% from July 2025, while the overall dollar value of home sales is $209.7 million, down 0.8% year-over-year.

Property Type Analysis

In terms of property types, the benchmark price for single-family homes is $460,500, which has remained stable with a year-over-year decrease of just 0.1%. Townhouse/row units are priced at a benchmark of $280,200, showing a modest decline of 1.9% from the previous year, while apartments have seen a slight increase to $237,800, up 2.5% from July 2025. This indicates a varied performance across property types, with apartments showing resilience in pricing amidst overall market stability.

Regional Highlights

Regionally, the number of new listings in July 2026 is the lowest recorded in five years, with only 678 new residential listings added. This represents a 0.3% decrease from July 2025 and is 2% below the five-year average. Active listings have increased slightly by 0.1% year-over-year, suggesting a steady supply of homes in the market, although still below the 10-year average by 5.5%. The recent announcement of $9 million in funding to fast-track development approvals by the Union of British Columbia Municipalities may further enhance housing supply in the coming months.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate favorable terms. With a variety of properties available and a slight decrease in prices, buyers are encouraged to conduct thorough research and consider their options carefully, particularly in light of the recent funding aimed at increasing housing supply.

For Sellers

Sellers should be aware of the current market dynamics and the slight decline in new listings. To attract potential buyers, pricing homes competitively and ensuring they are in good condition will be crucial. Additionally, leveraging the board's insights on market trends can help sellers position their properties effectively.