BC Northern Real Estate Board: July 2026 Composite Benchmark Price $441,100, Total Sales 447, Price Down 0.1% YoY

BC Northern Real Estate Board — July 2026

The BC Northern Real Estate Board reported 447 homes sold through its MLS® System in July 2026, with the overall MLS® Home Price Index (HPI) composite benchmark price at $441,100. This benchmark price edged down 0.1% compared to July 2025.

Market Analysis

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, a modest decline of 2% from the same period in 2025. Vanita Des Mazes, Chair of the BC Northern Real Estate Board, stated, “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.” 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 in July.

The overall MLS® HPI composite benchmark price was $441,100 in July 2026, edging down 0.1% compared to July 2025. This compares to a composite benchmark of $438,400 in June 2026. 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. 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, with 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. This compares to 2,158 active listings in June 2026. Active listings were 0.7% above the five-year average and 5.5% below the 10-year average for the month of July.

Property Type Analysis

The benchmark price for single-family homes was $460,500 in July 2026, down only 0.1% on a year-over-year basis. 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.